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

StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED - Free Report) in a research note published on Friday. The brokerage 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 report on Wednesday, November 20th.

PEDEVCO Price Performance

Shares of NYSE PED traded up $0.02 during trading on Friday, reaching $0.80. 131,124 shares of the stock traded hands, compared to its average volume of 176,470. The stock has a market capitalization of $71.42 million, a P/E ratio of 39.92 and a beta of 0.52. PEDEVCO has a 52-week low of $0.65 and a 52-week high of $1.10. The company has a 50-day moving average of $0.81 and a 200-day moving average of $0.88.

Insider Buying and Selling at PEDEVCO

In other PEDEVCO news, CAO Paul Anthony Pinkston sold 35,000 shares of PEDEVCO stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $0.74, for a total transaction of $25,900.00. Following the completion of the transaction, the chief accounting officer now owns 714,700 shares of the company's stock, valued at $528,878. The trade was a 4.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Moore Clark sold 125,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $0.76, for a total transaction of $95,000.00. Following the completion of the sale, the vice president now directly owns 1,080,334 shares in the company, valued at approximately $821,053.84. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 476,334 shares of company stock valued at $374,217 in the last 90 days. 70.60% of the stock is currently owned by company 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.