PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick Sells 120,000 Shares

PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick sold 120,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $0.76, for a total transaction of $91,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,577,133 shares in the company, valued at $1,198,621.08. This trade represents a 7.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Douglas Schick also recently made the following trade(s):

• On Thursday, January 23rd, John Douglas Schick sold 58,334 shares of PEDEVCO stock. The shares were sold at an average price of $0.86, for a total transaction of $50,167.24.

PEDEVCO Stock Performance

Shares of PED opened at $0.75 on Tuesday. PEDEVCO Corp. has a fifty-two week low of $0.65 and a fifty-two week high of $1.10. The firm has a 50-day simple moving average of $0.82 and a 200-day simple moving average of $0.89. The company has a market capitalization of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. D. Boral Capital reduced their target price on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a report on Wednesday, November 20th. StockNews.com initiated coverage on PEDEVCO in a research note on Wednesday, January 22nd. They issued a “sell” rating for the company.

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.