John Douglas Schick Sells 120,000 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick sold 120,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $0.76, for a total transaction of $91,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,577,133 shares of the company’s stock, valued at $1,198,621.08. This represents a 7.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

John Douglas Schick also recently made the following trade(s):

• On Thursday, January 23rd, John Douglas Schick sold 58,334 shares of PEDEVCO stock. The shares were sold at an average price of $0.86, for a total transaction of $50,167.24.

PEDEVCO Stock Up 0.4 %

PED stock opened at $0.76 on Wednesday. The company has a market cap of $67.66 million, a PE ratio of 37.82 and a beta of 0.52. The business has a 50-day simple moving average of $0.82 and a 200 day simple moving average of $0.89. PEDEVCO Corp. has a 52 week low of $0.65 and a 52 week high of $1.10.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PED. StockNews.com began coverage on PEDEVCO in a report on Wednesday, January 22nd. They set a “sell” rating for the company. D. Boral Capital cut their price target on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a 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.