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Roth Capital assumed coverage on shares of Pedevco Corp (NYSE:PED) in a research note issued on Friday, reports. The firm set a “buy” rating on the stock.

Shares of Pedevco Corp (NYSE:PED) opened at 1.85 on Friday. Pedevco Corp has a 1-year low of $0.381 and a 1-year high of $4.35. The stock has a 50-day moving average of $2.01 and a 200-day moving average of $2.15. The company’s market cap is $49.1 million.

PEDEVCO Corp, formerly Blast Energy Services, Inc, is focused on resources and operations on its down-hole solutions and oil and gas production segments.

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