PEDEVCO (NYSE:PED) Coverage Initiated at

Stock analysts at assumed coverage on shares of PEDEVCO (NYSE:PEDGet Free Report) in a report issued on Thursday. The firm set a “sell” rating on the stock.

PEDEVCO Stock Performance

Shares of NYSE PED opened at $0.97 on Thursday. The firm has a 50 day moving average of $0.80 and a 200 day moving average of $0.81. The firm has a market capitalization of $86.68 million, a price-to-earnings ratio of 48.52 and a beta of 0.51. PEDEVCO has a 12-month low of $0.61 and a 12-month high of $1.13.

PEDEVCO (NYSE:PEDGet Free Report) last announced its earnings results on Friday, March 15th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $6.74 million for the quarter, compared to the consensus estimate of $6.39 million. PEDEVCO had a net margin of 6.97% and a return on equity of 2.31%. Sell-side analysts predict that PEDEVCO will post 0.03 EPS for the current year.


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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 interest in the Permian Basin asset with approximately 22,271 net acres located in New Mexico, the United States; and D-J Basin asset with approximately 19,214 net acres located in Wyoming, the United States.

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