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

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

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

PEDEVCO Trading Down 0.1 %

Shares of PED opened at $0.74 on Friday. The company has a market cap of $66.07 million, a price-to-earnings ratio of 37.02 and a beta of 0.51. The business’s fifty day simple moving average is $0.87 and its two-hundred day simple moving average is $0.91. PEDEVCO has a 12 month low of $0.61 and a 12 month high of $1.10.

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.