StockNews.com began coverage on shares of PEDEVCO (NYSE:PED – Free Report) in a report issued on Thursday morning. The brokerage issued a sell rating on the stock.
Separately, Alliance Global Partners began coverage on shares of PEDEVCO in a report on Wednesday, July 17th. They issued a buy rating and a $1.75 price target for the company.
Read Our Latest Report on PEDEVCO
PEDEVCO Stock Performance
PEDEVCO (NYSE:PED – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The business had revenue of $11.81 million for the quarter, compared to the consensus estimate of $9.05 million. PEDEVCO had a net margin of 1.12% and a return on equity of 0.38%. As a group, analysts forecast that PEDEVCO will post 0.06 earnings per share for the current fiscal year.
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.
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