StockNews.com started coverage on shares of PEDEVCO (NYSE:PED – Free Report) in a report issued on Thursday. The firm issued a sell rating on the stock.
PEDEVCO Stock Performance
PED opened at $0.97 on Thursday. The company’s 50 day moving average is $0.80 and its 200-day moving average is $0.81. PEDEVCO has a 1-year low of $0.61 and a 1-year high of $1.13. The company has a market cap of $86.68 million, a P/E ratio of 48.50 and a beta of 0.51.
PEDEVCO (NYSE:PED – Get Free Report) last posted its earnings results on Friday, March 15th. The company reported ($0.05) 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. On average, equities analysts forecast that PEDEVCO will post 0.03 EPS for the current 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 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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