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

Investment analysts at StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the stock.

PEDEVCO Price Performance

NYSE PED opened at $0.89 on Tuesday. The company has a fifty day moving average of $0.93 and a two-hundred day moving average of $0.93. The company has a market capitalization of $79.02 million, a PE ratio of 44.27 and a beta of 0.60. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10.

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.