PEDEVCO (PED) to Release Quarterly Earnings on Monday

PEDEVCO (NYSEAMERICAN:PED – Get Rating) is scheduled to issue its quarterly earnings data on Monday, March 20th.

PEDEVCO Stock Down 2.9 %

Shares of PED stock opened at $0.82 on Friday. PEDEVCO has a twelve month low of $0.80 and a twelve month high of $1.90. The firm has a market cap of $70.17 million, a P/E ratio of 16.41 and a beta of 1.19.

Insider Buying and Selling at PEDEVCO

In other news, CEO Simon G. Kukes bought 122,580 shares of the company’s stock in a transaction on Tuesday, December 20th. The stock was purchased at an average cost of $1.11 per share, for a total transaction of $136,063.80. Following the completion of the transaction, the chief executive officer now owns 5,727,566 shares of the company’s stock, valued at $6,357,598.26. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Simon G. Kukes bought 122,580 shares of the company’s stock in a transaction on Tuesday, December 20th. The stock was purchased at an average cost of $1.11 per share, for a total transaction of $136,063.80. Following the completion of the transaction, the chief executive officer now owns 5,727,566 shares of the company’s stock, valued at $6,357,598.26. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President John Douglas Schick sold 40,000 shares of the stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $1.06, for a total value of $42,400.00. Following the completion of the transaction, the president now owns 880,467 shares of the company’s stock, valued at $933,295.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 262,933 shares of company stock worth $282,056. 68.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PEDEVCO

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of PEDEVCO by 51.5% during the first quarter. Vanguard Group Inc. now owns 904,719 shares of the company’s stock worth $1,222,000 after acquiring an additional 307,640 shares during the last quarter. Virtu Financial LLC grew its stake in PEDEVCO by 374.1% during the first quarter. Virtu Financial LLC now owns 117,202 shares of the company’s stock worth $158,000 after purchasing an additional 92,482 shares during the period. State Street Corp grew its stake in PEDEVCO by 69.5% during the second quarter. State Street Corp now owns 106,072 shares of the company’s stock worth $122,000 after purchasing an additional 43,500 shares during the period. Two Sigma Investments LP acquired a new stake in PEDEVCO during the fourth quarter worth approximately $88,000. Finally, Price T Rowe Associates Inc. MD grew its stake in PEDEVCO by 44.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 79,800 shares of the company’s stock worth $88,000 after purchasing an additional 24,600 shares during the period. 4.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, EF Hutton Acquisition Co. I restated a “buy” rating and set a $2.40 price objective on shares of PEDEVCO in a research report on Thursday, December 22nd.

About PEDEVCO

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PEDEVCO Corp. engages in the acquisition, exploration, and development of oil and natural gas assets. It focuses on the operation of Permian and Denver-Julesberg Basins. The company was founded by Frank C. Ingriselli in September 2000 and is headquartered in Houston, TX.