StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED - Free Report) in a research report released on Friday morning. The firm issued a sell rating on the stock.
Separately, D. Boral Capital dropped their price objective on shares of PEDEVCO from $2.25 to $1.50 and set a "buy" rating on the stock in a research note on Wednesday, November 20th.
View Our Latest Report on PEDEVCO
PEDEVCO Stock Up 1.6 %
Shares of PED traded up $0.01 during mid-day trading on Friday, reaching $0.77. The company had a trading volume of 109,324 shares, compared to its average volume of 98,971. The stock has a 50 day moving average of $0.90 and a two-hundred day moving average of $0.91. The stock has a market capitalization of $68.31 million, a P/E ratio of 37.52 and a beta of 0.51. PEDEVCO has a 52-week low of $0.61 and a 52-week high of $1.10.
About PEDEVCO
(
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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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