Key Points
- Insider sale: PEDEVCO insider Jody Crook sold 34,314 shares on Nov. 24 at an average price of $0.46 for about $15,784, reducing their stake by 5.17% to 629,804 shares.
- Stock snapshot: PEDEVCO (NYSE:PED) opened at $0.47 with a market cap of $44.89M, a P/E of 23.51 and a 52‑week range of $0.45 to $1.00 (50‑day MA $0.58, 200‑day MA $0.62).
- Analyst view: Analysts are mixed but overall positive — one Strong Buy, one Buy and one Hold — giving PEDEVCO an average rating of Buy and an average target price of $1.50.
PEDEVCO Corp. (NYSE:PED - Get Free Report) insider Jody Crook sold 34,314 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $0.46, for a total value of $15,784.44. Following the sale, the insider owned 629,804 shares of the company's stock, valued at approximately $289,709.84. The trade was a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
PEDEVCO Stock Performance
PEDEVCO stock opened at $0.47 on Wednesday. The stock has a market capitalization of $44.89 million, a price-to-earnings ratio of 23.51 and a beta of 0.21. PEDEVCO Corp. has a 52-week low of $0.45 and a 52-week high of $1.00. The stock's 50 day moving average price is $0.58 and its two-hundred day moving average price is $0.62.
Analyst Ratings Changes
PED has been the subject of a number of research reports. Roth Capital upgraded shares of PEDEVCO to a "strong-buy" rating in a report on Monday, November 17th. Zacks Research raised PEDEVCO to a "hold" rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, PEDEVCO presently has an average rating of "Buy" and an average target price of $1.50.
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PEDEVCO Company Profile
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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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