PEDEVCO Corp. (NYSE:PED - Get Free Report) shares rose 1% during mid-day trading on Friday . The company traded as high as $0.64 and last traded at $0.63. Approximately 48,669 shares were traded during trading, a decline of 66% from the average daily volume of 141,996 shares. The stock had previously closed at $0.62.
Analysts Set New Price Targets
PED has been the subject of a number of recent analyst reports. D. Boral Capital restated a "buy" rating and set a $1.50 price objective on shares of PEDEVCO in a report on Tuesday, May 20th. Wall Street Zen initiated coverage on PEDEVCO in a report on Thursday, May 22nd. They issued a "sell" rating on the stock.
Check Out Our Latest Stock Analysis on PEDEVCO
PEDEVCO Price Performance
The company has a market cap of $57.73 million, a PE ratio of 31.62 and a beta of 0.41. The business has a 50-day simple moving average of $0.65 and a 200-day simple moving average of $0.69.
Hedge Funds Weigh In On PEDEVCO
Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC grew its stake in PEDEVCO by 129.9% during the 4th quarter. Virtu Financial LLC now owns 38,045 shares of the company's stock worth $30,000 after purchasing an additional 21,499 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of PEDEVCO by 19.7% during the 4th quarter. Renaissance Technologies LLC now owns 292,736 shares of the company's stock worth $228,000 after acquiring an additional 48,132 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of PEDEVCO by 232.5% during the 4th quarter. Citadel Advisors LLC now owns 186,415 shares of the company's stock worth $145,000 after acquiring an additional 130,349 shares in the last quarter. Hedge funds and other institutional investors own 3.26% of the company's stock.
PEDEVCO Company Profile
(
Get Free Report)
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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