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

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

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

PEDEVCO Price Performance

Shares of PEDEVCO stock opened at $0.84 on Wednesday. The stock has a market capitalization of $75.09 million, a P/E ratio of 42.07 and a beta of 0.60. PEDEVCO has a one year low of $0.61 and a one year high of $1.10. The business’s 50 day simple moving average is $0.93 and its two-hundred day simple moving average is $0.92.

PEDEVCO Company Profile

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.