Pedevco Corp. (NYSEAMERICAN:PED – Get Free Report) VP Moore Clark sold 5,277 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $12.53, for a total value of $66,120.81. Following the completion of the sale, the vice president owned 45,385 shares of the company’s stock, valued at $568,674.05. This represents a 10.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Moore Clark also recently made the following trade(s):
- On Wednesday, August 19th, Moore Clark sold 1,218 shares of Pedevco stock. The shares were sold at an average price of $12.37, for a total transaction of $15,066.66.
- On Monday, August 17th, Moore Clark sold 3,765 shares of Pedevco stock. The shares were sold at an average price of $12.81, for a total value 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 NYSEAMERICAN PED traded up $1.11 during mid-day trading on Wednesday, reaching $13.23. 38,670 shares of the company’s stock were exchanged, compared to its average volume of 25,575. The firm has a market capitalization of $175.83 million, a price-to-earnings ratio of 441.15 and a beta of 0.23. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $12.02 and a 200 day simple moving average of $13.61. Pedevco Corp. has a twelve month low of $8.64 and a twelve month high of $18.89.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised shares of Pedevco from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Pedevco has a consensus rating of “Buy”.
Read Our Latest Analysis on Pedevco
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new stake in Pedevco Corp. (NYSEAMERICAN:PED – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises 0.0% of Juniper Capital Advisors L.P.’s investment portfolio, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned about 0.21% of Pedevco as of its most recent filing with the Securities and Exchange Commission. 3.26% of the stock is currently owned by hedge funds and other institutional investors.
Pedevco Company Profile
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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