Investment analysts at StockNews.com began coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a note issued to investors on Thursday. The firm set a "sell" rating on the stock.
Separately, D. Boral Capital cut their price objective on PEDEVCO from $2.25 to $1.50 and set a "buy" rating on the stock in a research note on Wednesday, November 20th.
View Our Latest Stock Analysis on PEDEVCO
PEDEVCO Price Performance
Shares of PEDEVCO stock traded down $0.02 during midday trading on Thursday, reaching $0.80. The company had a trading volume of 114,837 shares, compared to its average volume of 98,480. The stock has a fifty day moving average price of $0.92 and a 200 day moving average price of $0.92. The firm has a market cap of $71.43 million, a PE ratio of 40.02 and a beta of 0.51. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.10.
About PEDEVCO
(
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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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