Pedevco Corp. (NYSEAMERICAN:PED – Get Free Report) VP Moore Clark sold 1,218 shares of Pedevco stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $12.37, for a total value of $15,066.66. Following the sale, the vice president directly owned 44,167 shares in the company, valued at approximately $546,345.79. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Moore Clark also recently made the following trade(s):
- On Tuesday, August 18th, Moore Clark sold 5,277 shares of Pedevco stock. The shares were sold at an average price of $12.53, for a total transaction of $66,120.81.
- On Monday, August 17th, Moore Clark sold 3,765 shares of Pedevco stock. The stock was sold at an average price of $12.81, for a total transaction of $48,229.65.
- On Tuesday, June 30th, Moore Clark sold 18,797 shares of Pedevco stock. The stock was sold at an average price of $14.67, for a total value of $275,751.99.
Pedevco Stock Up 9.2%
Shares of Pedevco stock traded up $1.11 during midday trading on Wednesday, hitting $13.23. The company had a trading volume of 38,670 shares, compared to its average volume of 25,575. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $175.83 million, a P/E ratio of 441.15 and a beta of 0.23. The company has a 50 day moving average of $12.02 and a 200 day moving average of $13.61. Pedevco Corp. has a 52-week low of $8.64 and a 52-week high of $18.89.
Hedge Funds Weigh In On Pedevco
A hedge fund recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. purchased a new stake in shares of Pedevco Corp. (NYSEAMERICAN:PED – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises about 0.0% of Juniper Capital Advisors L.P.’s portfolio, making the stock its 2nd biggest holding. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco as of its most recent SEC filing. Institutional investors own 3.26% of the company’s stock.
Analysts Set New Price Targets
Separately, Zacks Research raised Pedevco from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.
Check Out Our Latest Research Report on Pedevco
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.
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