Key Points
- Director Martyn Willsher bought 13,428 shares of Pedevco at $14.29 each, spending about $191,886 and lifting his direct ownership to 25,727 shares. The purchase more than doubled his stake, following another buy of 6,572 shares just days earlier.
- Pedevco shares fell 5.3% and opened at $13.32, near the company’s 50-day average of $15.67. The stock has traded between $8.64 and $18.89 over the past year.
- Recent earnings were weak: Pedevco reported a quarterly loss of $3.28 per share, missing analyst expectations, even though revenue came in above estimates at $40.22 million. Analysts still expect the company to earn 1.58 EPS for the full year.
Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report) Director Martyn Willsher acquired 6,572 shares of the stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of $14.74 per share, for a total transaction of $96,871.28. Following the completion of the transaction, the director directly owned 12,299 shares in the company, valued at $181,287.26. The trade was a 114.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Martyn Willsher also recently made the following trade(s):
- On Tuesday, May 26th, Martyn Willsher acquired 13,428 shares of Pedevco stock. The shares were acquired at an average cost of $14.29 per share, for a total transaction of $191,886.12.
Pedevco Trading Down 5.3%
Shares of Pedevco stock opened at $13.32 on Thursday. Pedevco Corp. has a 1 year low of $8.64 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.68. The company has a market capitalization of $177.16 million, a P/E ratio of 444.15 and a beta of 0.27. The company's fifty day moving average is $15.67 and its two-hundred day moving average is $13.09.
Pedevco (NYSEAMERICAN:PED - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($3.28) earnings per share (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 business had revenue of $40.22 million for the quarter, compared to analysts' expectations of $37.65 million. Analysts forecast that Pedevco Corp. will post 1.58 earnings per share for the current year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. acquired a new position in shares of Pedevco Corp. (NYSEAMERICAN:PED - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 investment portfolio, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.26% of the company's stock.
Pedevco Company Profile
(
Get Free Report)
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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