PEDEVCO (NYSE:PED) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED) in a report issued on Saturday. The firm issued a sell rating on the stock.

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

PEDEVCO Stock Down 1.3 %

NYSE:PED opened at $0.73 on Friday. PEDEVCO has a 12-month low of $0.61 and a 12-month high of $1.10. The stock’s 50 day moving average price is $0.87 and its two-hundred day moving average price is $0.91. The firm has a market capitalization of $65.19 million, a price-to-earnings ratio of 36.52 and a beta of 0.51.

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.