Insider Selling: Pedevco (NYSEAMERICAN:PED) VP Sells 18,797 Shares of Stock

Pedevco Corp. (NYSEAMERICAN:PED) VP Moore Clark sold 18,797 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $14.67, for a total value of $275,751.99. Following the transaction, the vice president owned 54,428 shares of the company’s stock, valued at approximately $798,458.76. This represents a 25.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Pedevco Trading Down 2.9%

NYSEAMERICAN:PED traded down $0.37 during trading hours on Thursday, hitting $12.49. The company had a trading volume of 30,971 shares, compared to its average volume of 36,214. The company has a market capitalization of $166.12 million, a PE ratio of 416.47 and a beta of 0.18. The stock has a 50-day moving average price of $14.06 and a 200 day moving average price of $13.48. Pedevco Corp. has a 52 week low of $8.64 and a 52 week high of $18.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.68 and a quick ratio of 0.67.

Pedevco (NYSEAMERICAN:PED) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($3.28) EPS for the quarter, missing the consensus estimate of $0.62 by ($3.90). Pedevco had a negative return on equity of 3.20% and a negative net margin of 46.78%.The company had revenue of $40.22 million during the quarter, compared to the consensus estimate of $37.65 million. On average, equities research analysts predict that Pedevco Corp. will post 1.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research lowered Pedevco from a “hold” rating to a “strong sell” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pedevco has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. acquired a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises 0.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its 2nd biggest holding. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco at the end of the most recent quarter. 3.26% of the stock is owned by hedge funds and other institutional investors.

About Pedevco

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.