PEDEVCO (NYSE:PED) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of PEDEVCO (NYSE:PED - Get Free Report) in a report released on Sunday. The firm set a "sell" rating on the stock.

Separately, D. Boral Capital restated a "buy" rating and issued a $1.50 price objective on shares of PEDEVCO in a research note on Wednesday, April 2nd.

PEDEVCO Stock Performance

Shares of PEDEVCO stock traded down $0.00 during mid-day trading on Friday, hitting $0.54. 14,098 shares of the stock were exchanged, compared to its average volume of 98,931. The company has a market capitalization of $49.51 million, a P/E ratio of 27.11 and a beta of 0.29. The company has a 50-day simple moving average of $0.67 and a 200 day simple moving average of $0.79. PEDEVCO has a 12 month low of $0.47 and a 12 month high of $1.10.

Insider Buying and Selling at PEDEVCO

In related news, CAO Paul Anthony Pinkston sold 65,000 shares of the business's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $0.76, for a total transaction of $49,400.00. Following the sale, the chief accounting officer now directly owns 816,700 shares in the company, valued at approximately $620,692. The trade was a 7.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Douglas Schick sold 120,000 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $0.76, for a total value of $91,200.00. Following the completion of the transaction, the chief executive officer now owns 1,577,133 shares of the company's stock, valued at approximately $1,198,621.08. This represents a 7.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 310,000 shares of company stock worth $235,600 over the last ninety days. 70.60% of the stock is currently owned by company insiders.

Institutional Trading of PEDEVCO

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC grew its position in shares of PEDEVCO by 129.9% during the 4th quarter. Virtu Financial LLC now owns 38,045 shares of the company's stock valued at $30,000 after purchasing an additional 21,499 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of PEDEVCO by 19.7% during the fourth quarter. Renaissance Technologies LLC now owns 292,736 shares of the company's stock worth $228,000 after purchasing an additional 48,132 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of PEDEVCO by 232.5% in the fourth quarter. Citadel Advisors LLC now owns 186,415 shares of the company's stock worth $145,000 after purchasing an additional 130,349 shares during the last quarter. Institutional investors own 3.26% of the company's stock.

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.