PEDEVCO (NYSE:PED) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a report released on Sunday. The firm set a "sell" rating on the stock.

Separately, Alliance Global Partners started coverage on shares of PEDEVCO in a report on Wednesday, July 17th. They issued a "buy" rating and a $1.75 target price on the stock.

PEDEVCO Price Performance

Shares of PED stock remained flat at $0.91 during trading on Friday. The company had a trading volume of 60,594 shares, compared to its average volume of 83,817. The company has a market cap of $81.24 million, a price-to-earnings ratio of -90,990.00 and a beta of 0.60. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.10. The stock's 50 day simple moving average is $0.93 and its 200-day simple moving average is $0.93.

PEDEVCO (NYSE:PED - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. PEDEVCO had a return on equity of 0.38% and a net margin of 1.12%. The firm had revenue of $11.81 million during the quarter, compared to the consensus estimate of $9.05 million. On average, analysts predict that PEDEVCO will post 0.06 EPS for the current year.

About PEDEVCO

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.