StockNews.com began coverage on shares of PEDEVCO (NYSE:PED - Free Report) in a research report sent to investors on Saturday morning. The firm issued a sell rating on the stock.
Separately, D. Boral Capital reduced their target price on shares of PEDEVCO from $2.25 to $1.50 and set a "buy" rating for the company in a research note on Wednesday, November 20th.
Check Out Our Latest Analysis on PED
PEDEVCO Stock Down 0.1 %
Shares of NYSE PED traded down $0.00 during mid-day trading on Friday, hitting $0.74. 73,099 shares of the company were exchanged, compared to its average volume of 98,443. The stock has a 50 day simple moving average of $0.87 and a 200-day simple moving average of $0.91. PEDEVCO has a 1-year low of $0.61 and a 1-year high of $1.10. The firm has a market cap of $66.07 million, a price-to-earnings ratio of 37.02 and a beta of 0.51.
PEDEVCO Company Profile
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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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