PEDEVCO Corp. (NYSE:PED) CAO Sells $25,900.00 in Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 35,000 shares of PEDEVCO stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $0.74, for a total transaction of $25,900.00. Following the completion of the sale, the chief accounting officer now owns 714,700 shares of the company’s stock, valued at $528,878. This represents a 4.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PEDEVCO Trading Up 1.4 %

NYSE PED opened at $0.79 on Friday. PEDEVCO Corp. has a 12 month low of $0.61 and a 12 month high of $1.10. The company’s 50 day moving average is $0.83 and its two-hundred day moving average is $0.90. The stock has a market cap of $70.60 million, a price-to-earnings ratio of 39.46 and a beta of 0.51.

Wall Street Analyst Weigh In

PED has been the subject of several research analyst reports. StockNews.com initiated coverage on PEDEVCO in a report on Sunday, December 29th. They issued a “sell” rating for the company. D. Boral Capital lowered their target price on PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, November 20th.

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.