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

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

Separately, Alliance Global Partners started coverage on shares of PEDEVCO in a research report on Wednesday, July 17th. They issued a “buy” rating and a $1.75 price target for the company.

PEDEVCO Stock Down 2.9 %

Shares of NYSE:PED opened at $0.91 on Monday. PEDEVCO has a 12-month low of $0.61 and a 12-month high of $1.10. The stock has a market cap of $81.31 million, a PE ratio of 91.00 and a beta of 0.58. The business has a 50 day moving average of $0.93 and a 200-day moving average of $0.90.

PEDEVCO (NYSE:PED) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. PEDEVCO had a return on equity of 0.38% and a net margin of 1.12%. The company had revenue of $11.81 million during the quarter, compared to analysts’ expectations of $9.05 million. Equities research analysts expect that PEDEVCO will post 0.08 earnings per share for the current year.

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.