PEDEVCO Corp. (NYSE:PED) CAO Sells $25,900.00 in Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 35,000 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $0.74, for a total transaction of $25,900.00. Following the sale, the chief accounting officer now owns 714,700 shares in the company, valued at $528,878. This represents a 4.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

PEDEVCO Stock Up 1.4 %

Shares of NYSE:PED opened at $0.79 on Friday. The firm has a 50 day moving average of $0.83 and a 200 day moving average of $0.90. The company has a market capitalization of $70.60 million, a price-to-earnings ratio of 39.46 and a beta of 0.51. PEDEVCO Corp. has a 52 week low of $0.61 and a 52 week high of $1.10.

Wall Street Analyst Weigh In

PED has been the topic of several recent research reports. D. Boral Capital decreased their price target on PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com started coverage on shares of PEDEVCO in a research report on Sunday, December 29th. They set a “sell” rating on the stock.

PEDEVCO Company Profile

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.