Key Points
- Pedevco VP Moore Clark sold 5,277 shares at an average price of $12.53, totaling $66,120.81 and reducing his direct stake by 10.42% to 45,385 shares. He also reported additional sales totaling 23,780 shares in August and June.
- Pedevco exceeded quarterly expectations, reporting $1.31 in earnings per share versus the $0.36 consensus estimate and revenue of $46.11 million versus $38.00 million expected.
- The stock opened at $13.23, while analyst sentiment remained favorable: Zacks upgraded it to “hold,” and MarketBeat reported a consensus “Buy” rating. Institutional ownership remains limited at 3.26%.
Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report) VP Moore Clark sold 1,218 shares of Pedevco stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $12.37, for a total transaction of $15,066.66. Following the completion of the transaction, the vice president directly owned 44,167 shares of the company's stock, valued at approximately $546,345.79. This represents a 2.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $275,751.99.
Pedevco Trading Up 9.2%
Pedevco stock opened at $13.23 on Thursday. Pedevco Corp. has a 1 year low of $8.64 and a 1 year high of $18.89. The firm's 50-day moving average is $12.02 and its 200-day moving average is $13.61. 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 company has a market cap of $175.83 million, a P/E ratio of 441.15 and a beta of 0.23.
Pedevco (NYSEAMERICAN:PED - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.95. The business had revenue of $46.11 million during the quarter, compared to the consensus estimate of $38.00 million. Pedevco had a negative net margin of 14.61% and a positive return on equity of 0.67%. On average, equities analysts expect that Pedevco Corp. will post 0.7 earnings per share for the current year.
Analyst Ratings Changes
Separately, Zacks Research raised Pedevco from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy".
View Our Latest Analysis on PED
Institutional Investors Weigh In On Pedevco
An institutional investor recently bought a new stake 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 Securities and Exchange Commission (SEC). The fund purchased 196,359 shares of the company's stock, valued at approximately $110,000. Pedevco comprises approximately 0.0% of Juniper Capital Advisors L.P.'s holdings, making the stock its 2nd largest holding. Juniper Capital Advisors L.P. owned 0.21% of Pedevco as of its most recent filing with the Securities and Exchange Commission (SEC). 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
