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

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

Separately, D. Boral Capital lowered their target price 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 Trading Down 0.7 %

Shares of PED opened at $0.84 on Wednesday. PEDEVCO has a 12 month low of $0.61 and a 12 month high of $1.10. The firm’s 50 day moving average is $0.93 and its 200-day moving average is $0.92. The stock has a market capitalization of $75.01 million, a PE ratio of 42.03 and a beta of 0.60.

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.