Pedevco Corp. (NYSEAMERICAN:PED – Get Free Report) VP Moore Clark sold 3,765 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $12.81, for a total value of $48,229.65. Following the sale, the vice president directly owned 50,662 shares in the company, valued at approximately $648,980.22. The trade was a 6.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Moore Clark also recently made the following trade(s):
- On Wednesday, August 19th, Moore Clark sold 1,218 shares of Pedevco stock. The stock was sold at an average price of $12.37, for a total transaction of $15,066.66.
- 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 Tuesday, June 30th, Moore Clark sold 18,797 shares of Pedevco stock. The shares were sold at an average price of $14.67, for a total transaction of $275,751.99.
Pedevco Stock Up 9.2%
Shares of Pedevco stock traded up $1.11 on Wednesday, reaching $13.23. The stock had a trading volume of 38,670 shares, compared to its average volume of 25,575. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.42. 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 price of $12.02 and a 200 day moving average price of $13.61. Pedevco Corp. has a 1 year low of $8.64 and a 1 year high of $18.89.
Analyst Ratings Changes
Separately, Zacks Research raised Pedevco from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
Read Our Latest Research Report on Pedevco
Institutional Trading of Pedevco
An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. purchased a new stake in Pedevco Corp. (NYSEAMERICAN:PED – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco makes up 0.0% of Juniper Capital Advisors L.P.’s investment portfolio, making the stock its 2nd largest holding. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco as of its most recent filing with the Securities & Exchange Commission. 3.26% of the stock is currently 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.
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