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

StockNews.com began coverage on shares of PEDEVCO (NYSE:PED) in a research report sent to investors on Tuesday. The firm issued a sell rating on the stock.

Separately, D. Boral Capital cut their target price 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 Stock Down 0.1 %

PEDEVCO stock opened at $0.90 on Tuesday. The business has a fifty day moving average of $0.83 and a two-hundred day moving average of $0.90. The firm has a market cap of $80.28 million, a P/E ratio of 44.87 and a beta of 0.52. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.10.

Insider Transactions at PEDEVCO

In related news, CAO Paul Anthony Pinkston sold 35,000 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $0.74, for a total value of $25,900.00. Following the transaction, the chief accounting officer now directly owns 714,700 shares of the company’s stock, valued at approximately $528,878. This trade represents a 4.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 70.60% of the company’s stock.

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.