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

Research analysts at StockNews.com started coverage on shares of PEDEVCO (NYSE:PED) in a research note issued on Tuesday. The firm set a “sell” rating on the stock.

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

PEDEVCO Stock Up 3.5 %

NYSE PED opened at $0.90 on Tuesday. The company has a market cap of $80.43 million, a price-to-earnings ratio of 44.96 and a beta of 0.52. PEDEVCO has a 52 week low of $0.61 and a 52 week high of $1.10. The business has a 50 day moving average price of $0.83 and a 200-day moving average price of $0.90.

Insider Transactions at PEDEVCO

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

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.