PEDEVCO (NYSE:PED) Earns Sell Rating from Analysts at StockNews.com

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

Separately, Alliance Global Partners initiated coverage on PEDEVCO in a research report on Wednesday, July 17th. They set a buy rating and a $1.75 price objective on the stock.

PEDEVCO Price Performance

Shares of PEDEVCO stock opened at $0.94 on Monday. The company has a 50 day simple moving average of $0.93 and a two-hundred day simple moving average of $0.90. The firm has a market cap of $83.66 million, a PE ratio of 93.78 and a beta of 0.58. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10.

PEDEVCO (NYSE:PED) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The company 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, research analysts anticipate that PEDEVCO will post 0.08 earnings per share 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.