PEDEVCO (NYSE:PED) Now Covered by StockNews.com

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

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

PEDEVCO Stock Performance

PED stock opened at $0.84 on Wednesday. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.10. The business’s 50 day moving average price is $0.93 and its two-hundred day moving average price is $0.92. The company has a market capitalization of $75.09 million, a price-to-earnings ratio of 42.07 and a beta of 0.60.

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.