PEDEVCO (NYSE:PED) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a research note issued on Thursday. The firm set a "sell" rating on the stock.

Separately, D. Boral Capital decreased their target price on PEDEVCO from $2.25 to $1.50 and set a "buy" rating on the stock in a research report on Wednesday, November 20th.

PEDEVCO Stock Performance

Shares of PEDEVCO stock traded up $0.00 during trading on Thursday, hitting $0.79. 87,493 shares of the company's stock were exchanged, compared to its average volume of 207,800. The stock has a market capitalization of $70.35 million, a price-to-earnings ratio of 39.32 and a beta of 0.52. The business has a 50-day simple moving average of $0.82 and a 200-day simple moving average of $0.89. PEDEVCO has a 52-week low of $0.65 and a 52-week high of $1.10.

Insider Activity at PEDEVCO

In related news, CEO John Douglas Schick sold 58,334 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $0.86, for a total value of $50,167.24. Following the sale, the chief executive officer now directly owns 1,197,133 shares of the company's stock, valued at approximately $1,029,534.38. This represents a 4.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Paul Anthony Pinkston sold 35,000 shares of the firm's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $0.74, for a total value of $25,900.00. Following the transaction, the chief accounting officer now directly owns 714,700 shares of the company's stock, valued at $528,878. The trade was a 4.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 476,334 shares of company stock valued at $374,217 over the last 90 days. 70.60% of the stock is owned by corporate insiders.

PEDEVCO Company Profile

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.