John Douglas Schick Sells 58,334 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick sold 58,334 shares of PEDEVCO stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $0.86, for a total transaction of $50,167.24. Following the completion of the sale, the chief executive officer now owns 1,197,133 shares of the company’s stock, valued at $1,029,534.38. This trade represents a 4.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Douglas Schick also recently made the following trade(s):

• On Monday, January 27th, John Douglas Schick sold 120,000 shares of PEDEVCO stock. The shares were sold at an average price of $0.76, for a total transaction of $91,200.00.

PEDEVCO Trading Up 0.4 %

Shares of PEDEVCO stock opened at $0.76 on Wednesday. The firm has a fifty day simple moving average of $0.82 and a 200-day simple moving average of $0.89. PEDEVCO Corp. has a 1-year low of $0.65 and a 1-year high of $1.10. The stock has a market capitalization of $67.66 million, a price-to-earnings ratio of 37.82 and a beta of 0.52.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. D. Boral Capital reduced their target price 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. StockNews.com initiated coverage on shares of PEDEVCO in a research note on Wednesday, January 22nd. They issued a “sell” rating for the company.

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.