Analysts at StockNews.com began coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a research report issued to clients and investors on Friday. The brokerage set a "sell" rating on the stock.
Separately, Alliance Global Partners began coverage on shares of PEDEVCO in a report on Wednesday, July 17th. They set a "buy" rating and a $1.75 price target for the company.
View Our Latest Analysis on PED
PEDEVCO Price Performance
Shares of NYSE:PED traded down $0.02 during trading on Friday, reaching $0.97. 102,927 shares of the company's stock traded hands, compared to its average volume of 100,721. The company has a 50 day moving average of $0.92 and a 200-day moving average of $0.93. PEDEVCO has a 12 month low of $0.61 and a 12 month high of $1.10. The stock has a market capitalization of $86.95 million, a P/E ratio of 96.51 and a beta of 0.58.
PEDEVCO (NYSE:PED - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. PEDEVCO had a return on equity of 0.38% and a net margin of 1.12%. The business had revenue of $11.81 million for the quarter, compared to analysts' expectations of $9.05 million. Equities research analysts predict that PEDEVCO will post 0.08 earnings per share for the current fiscal year.
About PEDEVCO
(
Get Free Report)
PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.
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