StockNews.com initiated coverage on shares of PEDEVCO (NYSE:PED – Free Report) in a report issued on Friday. The firm issued a sell rating on the stock.
PEDEVCO Stock Performance
NYSE PED opened at $0.91 on Friday. The firm’s 50 day moving average price is $0.93 and its two-hundred day moving average price is $0.82. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.13. The stock has a market cap of $81.07 million, a price-to-earnings ratio of 91.28 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 for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $8.12 million for the quarter, compared to the consensus estimate of $6.47 million. PEDEVCO had a return on equity of 1.31% and a net margin of 3.99%. On average, research analysts forecast that PEDEVCO will post 0.05 EPS 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.
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