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

StockNews.com began coverage on shares of PEDEVCO (NYSE:PED) in a research report sent to investors on Friday. The brokerage issued a sell rating on the stock.

Separately, D. Boral Capital cut their price target 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 Up 1.6 %

Shares of PEDEVCO stock opened at $0.77 on Friday. The firm has a market capitalization of $68.31 million, a P/E ratio of 38.27 and a beta of 0.51. The business’s fifty day simple moving average is $0.90 and its 200 day simple moving average is $0.91. PEDEVCO has a 12 month low of $0.61 and a 12 month high of $1.10.

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.