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

StockNews.com initiated coverage on shares of PEDEVCO (NYSE:PED) in a research note published on Sunday morning. The brokerage issued a sell rating on the stock.

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

PEDEVCO Trading Up 0.0 %

PEDEVCO stock opened at $0.91 on Friday. PEDEVCO has a 52 week low of $0.61 and a 52 week high of $1.10. The stock has a fifty day moving average price of $0.93 and a 200 day moving average price of $0.93. The firm has a market capitalization of $81.24 million, a P/E ratio of -90,990.00 and a beta of 0.60.

PEDEVCO (NYSE:PED) last released its earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. The firm had revenue of $11.81 million during the quarter, compared to the consensus estimate of $9.05 million. PEDEVCO had a net margin of 1.12% and a return on equity of 0.38%. As a group, equities analysts predict that PEDEVCO will post 0.06 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.