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

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

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

PEDEVCO Trading Down 1.0 %

NYSE:PED opened at $1.00 on Thursday. The stock has a 50-day moving average price of $0.91 and a 200 day moving average price of $0.92. The stock has a market capitalization of $89.36 million, a P/E ratio of 100.00 and a beta of 0.58. PEDEVCO has a 12-month low of $0.61 and a 12-month high of $1.10.

PEDEVCO (NYSE:PED) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. PEDEVCO had a net margin of 1.12% and a return on equity of 0.38%. The business had revenue of $11.81 million for the quarter, compared to analysts’ expectations of $9.05 million. On average, research analysts predict that PEDEVCO will post 0.08 earnings per share for the current fiscal year.

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.