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

StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED) in a report published on Sunday. The brokerage issued a sell rating on the stock.

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

PEDEVCO Stock Up 1.1 %

NYSE PED opened at $0.91 on Friday. The firm has a market cap of $81.24 million, a price-to-earnings ratio of -90,990.00 and a beta of 0.60. The business has a 50-day moving average price of $0.93 and a 200-day moving average price of $0.93. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.10.

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