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

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

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

PEDEVCO Trading Down 2.4 %

NYSE PED traded down $0.02 on Tuesday, hitting $0.88. 52,808 shares of the stock traded hands, compared to its average volume of 141,963. The stock has a 50-day moving average of $0.83 and a 200 day moving average of $0.90. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.10. The company has a market capitalization of $78.49 million, a P/E ratio of 43.87 and a beta of 0.52.

Insider Buying and Selling

In other PEDEVCO news, CAO Paul Anthony Pinkston sold 35,000 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $0.74, for a total transaction 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. This represents a 4.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 70.60% of the company's stock.

About PEDEVCO

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.