StockNews.com assumed coverage on shares of PEDEVCO (NYSE:PED – Free Report) in a report issued on Wednesday. The firm issued a sell rating on the stock.
Separately, Alliance Global Partners began coverage on PEDEVCO in a report on Wednesday, July 17th. They set a buy rating and a $1.75 price target on the stock.
Read Our Latest Stock Report on PED
PEDEVCO Trading Up 1.6 %
PEDEVCO (NYSE:PED – Get Free Report) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. PEDEVCO had a net margin of 3.99% and a return on equity of 1.31%. The company had revenue of $8.12 million for the quarter, compared to analyst estimates of $6.47 million. On average, sell-side analysts forecast that PEDEVCO will post 0.05 earnings per share for the current fiscal year.
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.
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