Pedevco (NYSEAMERICAN:PED) Share Price Passes Below 200-Day Moving Average – Should You Sell?
by Jessica Moore · The Cerbat GemPedevco Corp. (NYSEAMERICAN:PED – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.13 and traded as low as $13.05. Pedevco shares last traded at $13.15, with a volume of 6,538 shares.
Pedevco Stock Performance
The firm’s fifty day moving average is $15.22 and its 200-day moving average is $13.15. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $177.69 million, a PE ratio of 445.48 and a beta of 0.20.
Pedevco (NYSEAMERICAN:PED – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($3.28) earnings per share for the quarter, missing the consensus estimate of $0.62 by ($3.90). The company had revenue of $40.22 million for the quarter, compared to analysts’ expectations of $37.65 million. Pedevco had a negative return on equity of 3.20% and a negative net margin of 46.78%. As a group, research analysts anticipate that Pedevco Corp. will post 1.58 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Martyn Willsher bought 13,428 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $14.29 per share, for a total transaction of $191,886.12. Following the acquisition, the director owned 25,727 shares of the company’s stock, valued at approximately $367,638.83. This trade represents a 109.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 70.40% of the company’s stock.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Pedevco stock. Juniper Capital Advisors L.P. acquired a new stake in Pedevco Corp. (NYSEAMERICAN:PED – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco makes up about 0.0% of Juniper Capital Advisors L.P.’s holdings, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned 0.21% of Pedevco as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.26% of the company’s stock.
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.