PEDEVCO (NYSE:PED) Earns Sell Rating from Analysts at StockNews.com

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

Separately, D. Boral Capital decreased their target price 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 Trading Up 3.8 %

NYSE PED opened at $0.78 on Thursday. The stock has a market cap of $70.24 million, a P/E ratio of 39.26 and a beta of 0.52. PEDEVCO has a 12 month low of $0.65 and a 12 month high of $1.10. The stock’s fifty day moving average price is $0.82 and its 200-day moving average price is $0.89.

Insider Buying and Selling

In other news, CAO Paul Anthony Pinkston sold 35,000 shares of the business’s stock in a transaction that occurred 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 approximately $528,878. The trade was a 4.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Moore Clark sold 125,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $0.76, for a total transaction of $95,000.00. Following the transaction, the vice president now owns 1,080,334 shares in the company, valued at $821,053.84. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 476,334 shares of company stock worth $374,217. 70.60% of the stock is owned by insiders.

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.