Investment analysts at StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED – Get Free Report) in a note issued to investors on Thursday. The brokerage set a “sell” rating on the stock.
PEDEVCO Stock Performance
PED opened at $0.88 on Thursday. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.13. The firm has a 50-day moving average of $0.93 and a 200 day moving average of $0.82. The firm has a market cap of $79.00 million, a P/E ratio of 88.50 and a beta of 0.54.
PEDEVCO (NYSE:PED – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. PEDEVCO had a net margin of 3.99% and a return on equity of 1.31%. The company had revenue of $8.12 million during the quarter, compared to analyst estimates of $6.47 million. Equities research analysts predict that PEDEVCO will post 0.03 earnings per share 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.
Further Reading
- Five stocks we like better than PEDEVCO
- How to Calculate Options Profits
- Sarepta Therapeutics Stock Soars on FDA Approval
- Stock Analyst Ratings and Canadian Analyst Ratings
- CarMax: A Market Melt-Up Waiting to Happen for this Stock
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- 3 Solar Stocks to Watch that are Building the Green Energy Future
Receive News & Ratings for PEDEVCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PEDEVCO and related companies with MarketBeat.com's FREE daily email newsletter.