StockNews.com started coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a research note issued on Monday. The brokerage set a "sell" rating on the stock.
Separately, Alliance Global Partners assumed coverage on PEDEVCO in a research report on Wednesday, July 17th. They issued a "buy" rating and a $1.75 price objective on the stock.
Get Our Latest Stock Analysis on PEDEVCO
PEDEVCO Stock Performance
PED stock remained flat at $0.93 during midday trading on Monday. The company had a trading volume of 135,276 shares, compared to its average volume of 98,808. The business has a fifty day moving average of $0.93 and a 200-day moving average of $0.93. PEDEVCO has a 12-month low of $0.61 and a 12-month high of $1.10. The stock has a market cap of $82.87 million, a P/E ratio of -92,510.00 and a beta of 0.60.
PEDEVCO (NYSE:PED - Get Free Report) last released its quarterly 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 analysts' expectations of $9.05 million. On average, sell-side analysts anticipate that PEDEVCO will post 0.06 earnings per share for the current fiscal year.
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.
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