Revenue Update on Pedevco Corp(NYSEMKT:PED)

Pedevco Corp(NYSEMKT:PED) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.12.

Pedevco Corp (PED) made into the market gainers list on Fridays trading session with the shares advancing 0.82% or 0.0008 points. Due to strong positive momentum, the stock ended at $0.0988, which is also near the day’s high of $0.1019. The stock began the session at $0.1019 and the volume stood at 1,25,960 shares. The 52-week high of the shares is $0.4077 and the 52 week low is $0.09. The company has a current market capitalization of $4.9 M and it has 4,98,49,297 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 11, 2017, Moore Clark (Executive Vice President) sold 127,000 shares at $0.10 per share price.Also, On Jan 11, 2017, Michael L Peterson (President and CEO) sold 142,250 shares at $0.10 per share price.On Jan 3, 2017, Gregory L Overholtzer (Chief Financial Officer) sold 7,750 shares at $0.11 per share price, according to the Form-4 filing with the securities and exchange commission.

PEDEVCO Corp. is an energy company which is engaged in the acquisition exploration development and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado which contains hydrocarbon bearing deposits in several formations including the Niobrara Codell Greenhorn Shannon J-Sand and D-Sand. The Company held approximately 14985 net D-J Basin acres located in Weld and Morgan Counties Colorado consisted of approximately 14013 net acres in the Wattenberg and Wattenberg Extension areas of the D-J Basin. The Company’s wholly owned subsidiary Red Hawk Petroleum LLC (Red Hawk) has interests in wells in its D-J Basin Asset of which 14 gross (6.3 net) wells are operated by Red Hawk. The Company’s operations are located in the Niobrara Shale play in the Denver-Julesburg Basin (the DJ Basin) in Weld and Morgan Counties Colorado and the Mississippian Lime play in Comanche Harper Barber and Kiowa Counties Kansas.

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