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

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

Separately, D. Boral Capital cut 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

PED opened at $0.78 on Friday. PEDEVCO has a one year low of $0.61 and a one year high of $1.10. The business has a 50 day simple moving average of $0.90 and a two-hundred day simple moving average of $0.91. The firm has a market capitalization of $69.65 million, a price-to-earnings ratio of 39.02 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.