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

StockNews.com started coverage on shares of PEDEVCO (NYSE:PED) in a research report report published on Monday morning. The firm issued a sell rating on the stock.

Separately, Alliance Global Partners started coverage on PEDEVCO in a research report on Wednesday, July 17th. They set a buy rating and a $1.75 price target on the stock.

PEDEVCO Trading Up 0.7 %

Shares of PED stock opened at $0.94 on Monday. The firm’s 50 day moving average is $0.93 and its 200 day moving average is $0.90. The stock has a market capitalization of $83.66 million, a P/E ratio of 93.78 and a beta of 0.58. PEDEVCO has a 12 month low of $0.61 and a 12 month high of $1.10.

PEDEVCO (NYSE:PED) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. PEDEVCO had a return on equity of 0.38% and a net margin of 1.12%. The firm had revenue of $11.81 million during the quarter, compared to analyst estimates of $9.05 million. On average, equities analysts predict that PEDEVCO will post 0.08 EPS for the current year.

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.