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

Stock analysts at StockNews.com started coverage on shares of PEDEVCO (NYSE:PED) in a research report issued on Thursday. The firm set a “sell” rating on the stock.

Separately, D. Boral Capital cut their price target 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 Stock Performance

NYSE:PED opened at $0.81 on Thursday. The company’s 50-day simple moving average is $0.92 and its 200-day simple moving average is $0.92. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.10. The stock has a market capitalization of $72.32 million, a P/E ratio of 40.52 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.