Insider Selling: PEDEVCO (NYSE:PED) CEO Sells $30,666.36 in Stock

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

PEDEVCO Stock Performance

Shares of PED opened at $0.48 on Friday. The firm has a market capitalization of $45.85 million, a price-to-earnings ratio of 24.01 and a beta of 0.21. The stock’s fifty day moving average is $0.57 and its 200-day moving average is $0.61. PEDEVCO Corp. has a one year low of $0.45 and a one year high of $1.00.

Wall Street Analyst Weigh In

PED has been the subject of a number of research analyst reports. Roth Capital raised shares of PEDEVCO to a “strong-buy” rating in a research note on Monday, November 17th. Zacks Research raised PEDEVCO to a “hold” rating in a 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.