StockNews.com Initiates Coverage on PEDEVCO (NYSE:PED)

StockNews.com started coverage on shares of PEDEVCO (NYSE:PED - Free Report) in a report released on Sunday morning. The firm issued a sell rating on the stock.

Separately, D. Boral Capital dropped their price target 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.

PEDEVCO Stock Up 3.3 %

NYSE PED traded up $0.02 during trading on Friday, hitting $0.75. 93,590 shares of the stock traded hands, compared to its average volume of 97,872. The firm has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $0.90. PEDEVCO has a 12-month low of $0.61 and a 12-month high of $1.10. The company has a market capitalization of $66.85 million, a P/E ratio of 37.37 and a beta of 0.51.

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.