StockNews.com assumed 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 Stock Performance
Shares of PED opened at $0.97 on Thursday. The stock has a market capitalization of $86.67 million, a P/E ratio of 48.52 and a beta of 0.51. The company’s fifty day moving average is $0.79 and its two-hundred day moving average is $0.81. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.13.
PEDEVCO (NYSE:PED – Get Free Report) last announced its quarterly earnings data on Friday, March 15th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $6.74 million during the quarter, compared to analyst estimates of $6.39 million. PEDEVCO had a net margin of 6.97% and a return on equity of 2.31%. Sell-side analysts predict that PEDEVCO will post 0.03 EPS 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.
Read More
- Five stocks we like better than PEDEVCO
- Buy P&G Now, Before It Sets A New All-Time High
- High-Yield Texas Instruments Could Hit New Highs Soon
- Energy and Oil Stocks Explained
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
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.
