Pedevco reinstated with a Buy at Roth Capital

Roth Capital analyst Nick Pope reinstated coverage of Pedevco (PED) with a Buy rating and 85c price target The company’s merger with Juniper provides “meaningful” operational scale in the Rockies and a “significant boost” in production, the analyst tells investors in a research note. Roth says Pedevco’s new debt keeps its leverage metrics at reasonable levels.