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

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

PEDEVCO Stock Performance

PED stock opened at $0.88 on Tuesday. The stock’s 50 day moving average price is $0.93 and its 200 day moving average price is $0.93. The firm has a market cap of $78.12 million, a P/E ratio of 43.75 and a beta of 0.60. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10.

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.