PEDEVCO Corp. (NYSE:PED - Get Free Report) CEO John Douglas Schick sold 120,000 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $0.76, for a total value of $91,200.00. Following the transaction, the chief executive officer now directly owns 1,577,133 shares of the company's stock, valued at approximately $1,198,621.08. This represents a 7.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
John Douglas Schick also recently made the following trade(s):
Shares of NYSE PED traded down $0.10 during trading hours on Monday, reaching $0.75. The stock had a trading volume of 631,878 shares, compared to its average volume of 227,517. The firm has a 50-day moving average of $0.82 and a 200-day moving average of $0.89. The firm has a market cap of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52. PEDEVCO Corp. has a fifty-two week low of $0.65 and a fifty-two week high of $1.10.
Several research analysts have recently issued reports on PED shares. D. Boral Capital lowered their price objective on PEDEVCO from $2.25 to $1.50 and set a "buy" rating for the company in a research report on Wednesday, November 20th. StockNews.com started coverage on shares of PEDEVCO in a research report on Wednesday, January 22nd. They issued a "sell" rating on the stock.
Read Our Latest Analysis on PED
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PEDEVCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PEDEVCO wasn't on the list.
While PEDEVCO currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.