StockNews.com initiated coverage on shares of PEDEVCO (NYSE:PED – Free Report) in a report released on Friday morning. The firm issued a sell rating on the stock.
PEDEVCO Stock Up 0.5 %
Shares of PED opened at $0.97 on Friday. The company has a market cap of $86.82 million, a price-to-earnings ratio of 48.60 and a beta of 0.50. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.13. The company has a 50 day moving average of $0.83 and a two-hundred day moving average of $0.81.
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. 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%. On average, sell-side analysts expect 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 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.
Featured Articles
- Five stocks we like better than PEDEVCO
- The How And Why of Investing in Oil Stocks
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- What Are Growth Stocks and Investing in Them
- 3 Value Stocks You Can Buy Before They Become Big
- About the Markup Calculator
- Chinese Stocks Stage Impressive Rebound
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.
