PEDEVCO (NYSE:PED) Insider Sells $15,784.44 in Stock

PEDEVCO Corp. (NYSE:PED) insider Jody Crook sold 34,314 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $0.46, for a total value of $15,784.44. Following the completion of the transaction, the insider directly owned 629,804 shares in the company, valued at $289,709.84. This trade represents a 5.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

PEDEVCO Stock Performance

NYSE PED traded up $0.01 during trading on Tuesday, reaching $0.47. 99,479 shares of the company’s stock were exchanged, compared to its average volume of 175,345. The company has a 50 day moving average price of $0.58 and a two-hundred day moving average price of $0.62. The stock has a market cap of $44.89 million, a P/E ratio of 23.51 and a beta of 0.21. PEDEVCO Corp. has a 1 year low of $0.45 and a 1 year high of $1.00.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Roth Capital upgraded PEDEVCO to a “strong-buy” rating in a research note on Monday, November 17th. Zacks Research raised shares of PEDEVCO to a “hold” rating in a report on Wednesday, November 19th. One 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $1.50.

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.