Insider Selling: PEDEVCO Corp. (NYSE:PED) CAO Sells 65,000 Shares of Stock

PEDEVCO Corp. (NYSE:PED) CAO Paul Anthony Pinkston sold 65,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $0.76, for a total transaction of $49,400.00. Following the completion of the transaction, the chief accounting officer now directly owns 816,700 shares in the company, valued at $620,692. The trade was a 7.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 23rd, Paul Anthony Pinkston sold 23,000 shares of PEDEVCO stock. The stock was sold at an average price of $0.85, for a total transaction of $19,550.00.
• 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 value of $25,900.00.

PEDEVCO Stock Down 11.4 %

NYSE PED opened at $0.75 on Tuesday. The company has a 50-day simple moving average of $0.82 and a two-hundred day simple moving average of $0.89. PEDEVCO Corp. has a 12-month low of $0.65 and a 12-month high of $1.10. The firm has a market cap of $67.39 million, a price-to-earnings ratio of 37.67 and a beta of 0.52.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PED shares. D. Boral Capital reduced their price objective on PEDEVCO from $2.25 to $1.50 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. StockNews.com assumed coverage on shares of PEDEVCO in a research report on Wednesday, January 22nd. They set a “sell” rating on the stock.

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.