Pedevco Corp. with ticker code (PED) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 2.4 and 2.15 suggesting an average Analsyt target price of $2.27. Given that the stocks previous close was at $.94 and the analysts are correct then there would likely be a percentage uptick in value of 141.5%. The 50 day moving average now sits at $.96 and the 200 day MA is $1.09. The total market capitalization for the company now stands at $82m. You can visit the company’s website by visiting: https://www.pedevco.com
The potential market cap would be $197m based on the market consensus.
PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 31.26, revenue per share of 0.35 and a 1.53% return on assets.
