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

Analysts at StockNews.com initiated coverage on shares of PEDEVCO (NYSE:PED) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the stock.

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

PEDEVCO Stock Performance

Shares of PED opened at $0.85 on Wednesday. The firm has a market capitalization of $75.54 million, a price-to-earnings ratio of 42.31 and a beta of 0.60. The stock’s fifty day moving average is $0.93 and its 200-day moving average is $0.93. PEDEVCO has a one year low of $0.61 and a one 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.