StockNews.com began coverage on shares of PEDEVCO (NYSE:PED – Free Report) in a research report released on Friday morning. The firm issued a sell rating on the stock.
PEDEVCO Stock Up 0.5 %
Shares of PED stock opened at $0.97 on Friday. The stock has a 50-day simple moving average of $0.83 and a 200 day simple moving average of $0.81. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.13. The stock has a market capitalization of $86.82 million, a P/E ratio of 48.60 and a beta of 0.50.
PEDEVCO (NYSE:PED – Get Free Report) last announced its earnings results on Friday, March 15th. The company reported ($0.05) earnings per share for the quarter. PEDEVCO had a net margin of 6.97% and a return on equity of 2.31%. The firm had revenue of $6.74 million for the quarter, compared to the consensus estimate of $6.39 million. On average, sell-side 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 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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