Equities researchers at StockNews.com started coverage on shares of PEDEVCO (NYSE:PED – Get Free Report) in a research report issued on Wednesday. The firm set a “sell” rating on the stock.
PEDEVCO Stock Up 1.5 %
Shares of PEDEVCO stock opened at $0.93 on Wednesday. PEDEVCO has a 1-year low of $0.80 and a 1-year high of $1.31. The firm has a market capitalization of $80.95 million, a PE ratio of 31.01 and a beta of 1.32.
PEDEVCO (NYSE:PED – Get Free Report) last released its earnings results on Monday, May 15th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $8.16 million during the quarter, compared to analysts’ expectations of $8.12 million. PEDEVCO had a net margin of 10.50% and a return on equity of 3.34%. As a group, analysts anticipate that PEDEVCO will post 0.13 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. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
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