Investment Analysts’ Weekly Ratings Changes for PEDEVCO (PED)

Several analysts have recently updated their ratings and price targets for PEDEVCO (NYSEAMERICAN: PED):

• 9/15/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 9/9/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 9/3/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/28/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/22/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/16/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/15/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/14/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/12/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/11/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/10/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/8/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/7/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/5/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/4/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/3/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 8/1/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/31/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/30/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/28/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/27/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/26/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/25/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/23/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/22/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 7/21/2023 – PEDEVCO is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.

PEDEVCO Stock Performance

Shares of NYSEAMERICAN:PED remained flat at $1.08 during trading hours on Monday. 181,915 shares of the company’s stock were exchanged, compared to its average volume of 149,687. PEDEVCO Corp. has a 52 week low of $0.80 and a 52 week high of $1.31. The business’s 50-day moving average price is $0.93. The company has a market cap of $94.00 million, a PE ratio of 36.01 and a beta of 1.32.

PEDEVCO (NYSEAMERICAN:PED) last issued its earnings results on Tuesday, August 15th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. PEDEVCO had a net margin of 11.32% and a return on equity of 3.71%. The business had revenue of $10.91 million during the quarter, compared to analysts’ expectations of $9.48 million. On average, research analysts predict that PEDEVCO Corp. will post 0.12 EPS for the current year.

Insider Buying and Selling

In related news, Director John J. Scelfo sold 40,000 shares of the stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $0.92, for a total transaction of $36,800.00. Following the completion of the sale, the director now owns 224,500 shares in the company, valued at approximately $206,540. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 71.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On PEDEVCO

Large investors have recently bought and sold shares of the company. First Republic Investment Management Inc. purchased a new position in PEDEVCO during the 1st quarter worth $28,000. Jane Street Group LLC purchased a new position in shares of PEDEVCO in the 1st quarter valued at about $30,000. Virtu Financial LLC purchased a new position in shares of PEDEVCO in the 2nd quarter valued at about $26,000. GSA Capital Partners LLP purchased a new position in shares of PEDEVCO in the 4th quarter valued at about $32,000. Finally, EA Series Trust purchased a new position in shares of PEDEVCO in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 3.05% of the company’s stock.

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.