Research analysts at StockNews.com began coverage on shares of PEDEVCO (NYSE:PED – Get Free Report) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the stock.
PEDEVCO Price Performance
Shares of PED opened at $0.97 on Thursday. PEDEVCO has a 52-week low of $0.61 and a 52-week high of $1.13. The firm’s fifty day moving average is $0.80 and its two-hundred day moving average is $0.81. The stock has a market cap of $86.68 million, a PE ratio of 48.52 and a beta of 0.51.
PEDEVCO (NYSE:PED – Get Free Report) last announced its earnings results on Friday, March 15th. The company reported ($0.05) earnings per share (EPS) for the quarter. PEDEVCO had a return on equity of 2.31% and a net margin of 6.97%. The business had revenue of $6.74 million for the quarter, compared to analyst estimates of $6.39 million. As a group, research analysts anticipate that PEDEVCO will post 0.03 earnings per share for the current 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 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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