Paul Anthony Pinkston Sells 65,000 Shares of PEDEVCO Corp. (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 65,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $0.76, for a total value of $49,400.00. Following the transaction, the chief accounting officer now directly owns 816,700 shares in the company, valued at $620,692. This represents a 7.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Paul Anthony Pinkston also recently made the following trade(s):

• On Thursday, January 23rd, Paul Anthony Pinkston sold 23,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.85, for a total value of $19,550.00.
• On Friday, December 27th, Paul Anthony Pinkston sold 35,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.74, for a total value of $25,900.00.

PEDEVCO Price Performance

PED opened at $0.76 on Wednesday. The stock’s 50 day simple moving average is $0.82 and its 200 day simple moving average is $0.89. PEDEVCO Corp. has a 1 year low of $0.65 and a 1 year high of $1.10. The firm has a market cap of $67.66 million, a price-to-earnings ratio of 37.82 and a beta of 0.52.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PED. StockNews.com began coverage on PEDEVCO in a research note on Wednesday, January 22nd. They issued a “sell” rating on the stock. D. Boral Capital decreased their target price on PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research note on Wednesday, November 20th.

About PEDEVCO

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.