PEDEVCO (NYSE:PED) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of PEDEVCO (NYSE:PED) in a report released on Wednesday. The firm set 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 on the stock in a research report on Wednesday, November 20th.

PEDEVCO Price Performance

Shares of PED opened at $0.84 on Wednesday. The business has a 50-day moving average of $0.93 and a 200-day moving average of $0.92. The company has a market capitalization of $75.01 million, a price-to-earnings ratio of 42.03 and a beta of 0.60. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10.

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.