Insider Selling: PEDEVCO Corp. (NYSE:PED) CAO Sells $19,550.00 in Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 23,000 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $0.85, for a total transaction of $19,550.00. Following the sale, the chief accounting officer now owns 691,700 shares in the company, valued at $587,945. The trade was a 3.22 % 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.

Paul Anthony Pinkston also recently made the following trade(s):

• On Monday, January 27th, Paul Anthony Pinkston sold 65,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.76, for a total transaction of $49,400.00.
• On Friday, December 27th, Paul Anthony Pinkston sold 35,000 shares of PEDEVCO stock. The shares were sold at an average price of $0.74, for a total transaction of $25,900.00.

PEDEVCO Stock Performance

NYSE PED opened at $0.78 on Thursday. The firm’s fifty day moving average price is $0.82 and its two-hundred day moving average price is $0.89. The stock has a market cap of $70.24 million, a PE ratio of 39.26 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PED. StockNews.com assumed coverage on PEDEVCO in a research note on Thursday. They issued a “sell” rating on the stock. D. Boral Capital lowered their target price on PEDEVCO from $2.25 to $1.50 and set a “buy” rating for the company in a research note on Wednesday, November 20th.

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.