PEDEVCO (NYSE:PED) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PEDFree Report) in a research note released on Tuesday. The firm issued a sell rating on the stock.

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

Read Our Latest Research Report on PED

PEDEVCO Stock Performance

Shares of NYSE PED opened at $0.90 on Tuesday. The stock has a fifty day moving average of $0.83 and a 200-day moving average of $0.90. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.10. The stock has a market cap of $80.28 million, a PE ratio of 44.87 and a beta of 0.52.

Insider Buying and Selling

In other news, CAO Paul Anthony Pinkston sold 35,000 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $0.74, for a total transaction of $25,900.00. Following the transaction, the chief accounting officer now directly owns 714,700 shares of the company’s stock, valued at $528,878. This represents a 4.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 70.60% of the stock is currently owned by company insiders.

PEDEVCO Company Profile

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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.

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