D. Boral Capital reissued their buy rating on shares of PEDEVCO (NYSE:PED - Free Report) in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a $1.50 price objective on the stock.
Separately, Wall Street Zen assumed coverage on shares of PEDEVCO in a research note on Wednesday, May 14th. They set a "sell" rating on the stock.
View Our Latest Research Report on PEDEVCO
PEDEVCO Trading Up 1.9%
PED traded up $0.01 on Tuesday, hitting $0.65. 31,966 shares of the company's stock were exchanged, compared to its average volume of 99,029. The firm has a market cap of $59.26 million, a PE ratio of 32.46 and a beta of 0.30. PEDEVCO has a twelve month low of $0.47 and a twelve month high of $1.10. The stock has a fifty day moving average of $0.60 and a two-hundred day moving average of $0.73.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC raised its holdings in shares of PEDEVCO by 232.5% during the 4th quarter. Citadel Advisors LLC now owns 186,415 shares of the company's stock valued at $145,000 after purchasing an additional 130,349 shares in the last quarter. Renaissance Technologies LLC grew its stake in PEDEVCO by 19.7% in the 4th quarter. Renaissance Technologies LLC now owns 292,736 shares of the company's stock valued at $228,000 after buying an additional 48,132 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in PEDEVCO by 129.9% in the 4th quarter. Virtu Financial LLC now owns 38,045 shares of the company's stock valued at $30,000 after buying an additional 21,499 shares during the last quarter. Institutional investors own 3.26% of the company's stock.
About PEDEVCO
(
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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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