PEDEVCO (NYSE:PED) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a note issued to investors on Wednesday. The brokerage set a "sell" rating on the stock.

Separately, D. Boral Capital decreased their target price 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 Trading Down 0.7 %

Shares of PED stock traded down $0.01 during trading on Wednesday, reaching $0.84. 69,514 shares of the company's stock traded hands, compared to its average volume of 99,020. The company has a market capitalization of $75.01 million, a P/E ratio of 42.03 and a beta of 0.60. The firm's 50-day moving average is $0.93 and its 200 day moving average is $0.92. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10.

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.