Pedevco Corp. with ticker code (PED) have now 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 2.4 and 2.15 with the average target price sitting at $2.27. Now with the previous closing price of $.87 this indicates there is a potential upside of 160.9%. Also worth taking note is the 50 day moving average now sits at $.99 and the 200 day MA is $1.11. The company has a market capitalization of $75m. Company Website: 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 17.57, revenue per share of 0.34 and a 2.51% return on assets.
