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

StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED) in a research report released on Sunday. The firm issued a sell rating on the stock.

Separately, D. Boral Capital lowered their price target on shares of PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, November 20th.

PEDEVCO Price Performance

PED opened at $0.75 on Friday. The company has a market capitalization of $66.85 million, a price-to-earnings ratio of 37.37 and a beta of 0.51. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10. The business’s 50-day moving average price is $0.85 and its two-hundred day moving average price is $0.90.

PEDEVCO Company Profile

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.