Jody Crook Sells 34,314 Shares of PEDEVCO (NYSE:PED) Stock

PEDEVCO Corp. (NYSE:PED) insider Jody Crook sold 34,314 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $0.46, for a total transaction of $15,784.44. Following the transaction, the insider owned 629,804 shares of the company’s stock, valued at $289,709.84. This represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PEDEVCO Price Performance

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research upgraded PEDEVCO to a “hold” rating in a report on Wednesday, November 19th. Roth Capital upgraded shares of PEDEVCO to a “strong-buy” rating in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, PEDEVCO presently has an average rating of “Buy” and an average price target of $1.50.

PEDEVCO Company Profile

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.