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

StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED) in a report published on Wednesday morning. The brokerage issued a sell rating on the stock.

PEDEVCO Trading Down 2.9 %

NYSE:PED opened at $0.86 on Wednesday. The stock has a market capitalization of $76.85 million, a PE ratio of 88.60 and a beta of 0.54. PEDEVCO has a 1-year low of $0.61 and a 1-year high of $1.13. The firm has a fifty day simple moving average of $0.93 and a 200 day simple moving average of $0.82.

PEDEVCO (NYSE:PED) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $8.12 million during the quarter, compared to the consensus estimate of $6.47 million. PEDEVCO had a net margin of 3.99% and a return on equity of 1.31%. On average, equities analysts predict that PEDEVCO will post 0.03 earnings per share for the current fiscal 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.