StockNews.com Begins Coverage on PEDEVCO (NYSE:PED)

Equities researchers at StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED) in a report released on Sunday. The brokerage set a “sell” rating on the stock.

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

PEDEVCO Price Performance

Shares of NYSE:PED opened at $0.78 on Friday. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10. The company has a market cap of $69.63 million, a P/E ratio of 38.92 and a beta of 0.51. The stock’s fifty day moving average price is $0.84 and its 200-day moving average price is $0.90.

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.