Will Pedevco Corp (PED) shares lead the market?

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Analysts who track Pedevco Corp (PED) on average expect it to rise 43.38% over the next twelve months. These same analysts give the stock an average strong buy rating. This average rating gives the stock an analyst rating of 73, meaning it ranks above the stock’s 73, based on data compiled by InvestorsObserver.

Wall Street analysts rate PED as a strong buy today. Find out what this means to you and get the rest of the rankings on PED!

Why are analyst ratings important?

While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.

What’s going on with Pedevco Corp stock today?

Pedevco Corp (PED) stock is down -15% while the S&P 500 gained 0.27% at 11:55 a.m. Monday, March 14. The PED is down -$0.24 from the previous closing price of $1.60 on volume of 720,072 shares. Over the past year, the S&P 500 has gained 6.21% while the PED is down -20.00%. PED has lost -$0.32 per share over the past 12 months. Click here for the full Pedevco Corp stock report.

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