StockNews.com began coverage on shares of PEDEVCO (NYSE:PED - Free Report) in a report issued on Saturday morning. The brokerage issued a sell rating on the stock.
Separately, Alliance Global Partners initiated coverage on PEDEVCO in a research report on Wednesday, July 17th. They issued a "buy" rating and a $1.75 price objective for the company.
Check Out Our Latest Research Report on PEDEVCO
PEDEVCO Price Performance
Shares of PED stock traded down $0.01 during midday trading on Friday, hitting $0.91. The company had a trading volume of 82,499 shares, compared to its average volume of 100,149. The stock has a market cap of $81.51 million, a price-to-earnings ratio of 91.22 and a beta of 0.58. The company's 50 day simple moving average is $0.93 and its 200 day simple moving average is $0.93. PEDEVCO has a 52-week low of $0.61 and a 52-week high of $1.10.
PEDEVCO (NYSE:PED - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. The company had revenue of $11.81 million for the quarter, compared to analyst estimates of $9.05 million. PEDEVCO had a return on equity of 0.38% and a net margin of 1.12%. Analysts anticipate that PEDEVCO will post 0.08 EPS for the current year.
PEDEVCO Company Profile
(
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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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