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

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

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

PEDEVCO Price Performance

Shares of PED stock opened at $0.90 on Monday. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10. The company’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $0.93. The stock has a market capitalization of $80.27 million, a price-to-earnings ratio of -89,680.00 and a beta of 0.60.

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

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.