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

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

Separately, Alliance Global Partners started coverage on PEDEVCO in a report on Wednesday, July 17th. They issued a “buy” rating and a $1.75 price objective on the stock.

PEDEVCO Stock Performance

NYSE PED opened at $1.00 on Wednesday. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.10. The stock has a market cap of $89.36 million, a price-to-earnings ratio of 100.00 and a beta of 0.58. The firm’s 50 day moving average price is $0.91 and its two-hundred day moving average price is $0.91.

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

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.