PEDEVCO Stock Scheduled to Reverse Split on Friday, March 13th (NYSE:PED)

Shares of PEDEVCO Corp. (NYSE:PED - Free Report) are going to reverse split before the market opens on Friday, March 13th. The 1-20 reverse split was announced on Tuesday, March 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, March 12th.PEDEVCO Price PerformanceShares of PED stock opened at $0.59 on Thursday. The business's 50 day simple moving average is $0.59 and its 200 day simple moving average is $0.58. PEDEVCO has a one year low of $0.43 and a one year high of $0.82. The stock has a market capitalization of $56.17 million, a PE ratio of 29.41 and a beta of 0.35. Analyst Ratings ChangesSeveral research analysts recently issued reports on the company. Zacks Research raised PEDEVCO to a "hold" rating in a research report on Wednesday, November 19th. Roth Mkm upgraded PEDEVCO to a "strong-buy" rating in a research note on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, PEDEVCO presently has a consensus rating of "Buy" and an average price target of $1.50.Read Our Latest Stock Analysis on PEDEVCOHedge Funds Weigh In On PEDEVCOA hedge fund recently bought a new stake in PEDEVCO stock. Juniper Capital Advisors L.P. acquired a new stake in PEDEVCO Corp. (NYSE:PED - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 196,359 shares of the company's stock, valued at approximately $110,000. PEDEVCO comprises 0.0% of Juniper Capital Advisors L.P.'s investment portfolio, making the stock its 2nd largest position. Juniper Capital Advisors L.P. owned about 0.21% of PEDEVCO as of its most recent SEC filing. Hedge funds and other institutional investors own 3.26% of the company's stock. About PEDEVCO (Get Free Report)Pedevco Corp is an independent energy company engaged in the acquisition, exploration, development and production of oil and natural gas properties. The company focuses on leveraging a low-cost development model to unlock value from its onshore assets, applying reservoir characterization, well optimization and cost-effective completion techniques. Pedevco's operational strategy emphasizes efficient use of existing infrastructure and disciplined capital allocation to maximize production and reserves recovery. The company's asset portfolio is concentrated in onshore U.S.See AlsoFive stocks we like better than PEDEVCOThe gold chart Wall Street is terrified of…America’s 1776 happening againBuy this Gold Stock Before May 2026What a Former CIA Agent Knows About the Coming Collapse“Fed Proof” Your Bank Account with THESE 4 Simple StepsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in PEDEVCO Right Now?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.View The Five Stocks Here