StockNews.com Begins Coverage on PEDEVCO (NYSE:PED)

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

Separately, D. Boral Capital reduced their price objective 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 Stock Performance

PEDEVCO stock opened at $0.82 on Thursday. The company has a 50 day moving average price of $0.92 and a 200-day moving average price of $0.92. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.10. The company has a market capitalization of $73.21 million, a PE ratio of 41.00 and a beta of 0.51.

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.