PEDEVCO (NYSE:PED) CEO Sells 66,666 Shares

PEDEVCO Corp. (NYSE:PED) CEO John Douglas Schick sold 66,666 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $0.46, for a total value of $30,666.36. Following the transaction, the chief executive officer directly owned 3,510,467 shares of the company’s stock, valued at $1,614,814.82. The trade was a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PEDEVCO Trading Up 1.2%

NYSE PED traded up $0.01 on Tuesday, hitting $0.47. The company’s stock had a trading volume of 99,479 shares, compared to its average volume of 175,345. The firm 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 52-week low of $0.45 and a 52-week high of $1.00. The company’s 50-day simple moving average is $0.58 and its 200 day simple moving average is $0.62.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Roth Capital upgraded shares of PEDEVCO to a “strong-buy” rating in a report on Monday, November 17th. Zacks Research raised shares of PEDEVCO to a “hold” rating in a research note on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company 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.