Free Trial

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

PEDEVCO logo with Energy background
Remove Ads

StockNews.com started coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a "sell" rating on the stock.

Separately, D. Boral Capital reiterated a "buy" rating and issued a $1.50 target price on shares of PEDEVCO in a research report on Thursday, March 13th.

Check Out Our Latest Report on PEDEVCO

PEDEVCO Trading Down 2.8 %

Shares of PED stock traded down $0.02 during trading hours on Thursday, hitting $0.70. 60,783 shares of the company's stock were exchanged, compared to its average volume of 99,323. The company has a market capitalization of $62.65 million, a PE ratio of 35.02 and a beta of 0.35. PEDEVCO has a 12-month low of $0.69 and a 12-month high of $1.10. The business's 50 day simple moving average is $0.76 and its 200-day simple moving average is $0.84.

Insiders Place Their Bets

In related news, CEO John Douglas Schick sold 58,334 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was 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 $1,029,534.38. This trade represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Moore Clark sold 50,000 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $0.86, for a total value of $43,000.00. Following the transaction, the vice president now owns 855,334 shares in the company, valued at approximately $735,587.24. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 441,334 shares of company stock valued at $348,317 in the last ninety days. Company insiders own 70.60% of the company's stock.

Remove Ads

Institutional Investors Weigh In On PEDEVCO

A number of large investors have recently made changes to their positions in the business. Virtu Financial LLC raised its holdings in shares of PEDEVCO by 129.9% during the fourth quarter. Virtu Financial LLC now owns 38,045 shares of the company's stock valued at $30,000 after acquiring an additional 21,499 shares in the last quarter. Citadel Advisors LLC raised its holdings in PEDEVCO by 232.5% in the 4th quarter. Citadel Advisors LLC now owns 186,415 shares of the company's stock worth $145,000 after purchasing an additional 130,349 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of PEDEVCO by 19.7% in the 4th quarter. Renaissance Technologies LLC now owns 292,736 shares of the company's stock worth $228,000 after purchasing an additional 48,132 shares during the period. 3.26% of the stock is currently owned by institutional investors.

PEDEVCO Company Profile

(Get Free Report)

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.

Featured Articles

Should You Invest $1,000 in PEDEVCO Right Now?

Before you consider PEDEVCO, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PEDEVCO wasn't on the list.

While PEDEVCO currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

7 Flying Car Stocks to Buy Before the Sector Really Takes Off

7 Flying Car Stocks to Buy Before the Sector Really Takes Off

Flying cars are coming sooner than you think! Investors are getting excited about this futuristic industry, and MarketBeat analyst Chris Markoch breaks down 7 flying car stocks poised to take off.

Related Videos

Goldman Sachs’ 2025 Market Outlook: Top 3 Stock Picks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads