Paul Anthony Pinkston Sells 35,000 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 35,000 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $0.74, for a total transaction of $25,900.00. Following the transaction, the chief accounting officer now owns 714,700 shares of the company’s stock, valued at $528,878. This represents a 4.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PEDEVCO Price Performance

Shares of PED opened at $0.78 on Thursday. PEDEVCO Corp. has a 52-week low of $0.61 and a 52-week high of $1.10. The stock has a market cap of $69.63 million, a PE ratio of 38.92 and a beta of 0.51. The firm’s fifty day moving average is $0.84 and its two-hundred day moving average is $0.90.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PED shares. StockNews.com began coverage on shares of PEDEVCO in a research note on Sunday. They set a “sell” rating for the company. D. Boral Capital cut their price objective on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 20th.

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.