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

StockNews.com began coverage on shares of PEDEVCO (NYSE:PED) in a research note published on Sunday. The firm issued a sell rating on the stock.

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

PEDEVCO Stock Performance

NYSE:PED opened at $0.91 on Friday. PEDEVCO has a 52-week low of $0.61 and a 52-week high of $1.10. The firm has a market cap of $81.24 million, a price-to-earnings ratio of -90,990.00 and a beta of 0.60. The business’s fifty day moving average is $0.93 and its 200 day moving average is $0.93.

PEDEVCO (NYSE:PED) last announced its earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The business had revenue of $11.81 million for the quarter, compared to analyst estimates of $9.05 million. PEDEVCO had a return on equity of 0.38% and a net margin of 1.12%. Equities analysts predict that PEDEVCO will post 0.06 EPS 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.