Streetbeat News

PED

PEDEVCO Corp.

https://www.pedevco.com

Industry

Oil & Gas Exploration & Production

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2021, the company held approximately 32,870 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,580 net Denver-Julesberg (D-J) Basin acres located in Weld and Morgan Counties, Colorado. It had interests in 385 net wells in Permian Basin Asset; and 78 net wells in (D-J) Basin Asset. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.

Open

0.78

Mkt cap

70M

Volume

108K

High

0.78

P/E Ratio

39.00

52-wk high

1.10

Low

0.74

Div yield

N/A

52-wk low

0.61

PEDEVCO (AMEX:PED) reported Q4 earnings with EPS of $0.00, missing the $0.05 estimate by 98%, and a 96.67% decrease from last year's $0.03. However, sales of $30.78M exceeded estimates by 1.25% and grew 2.5% from last year.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:25 am

PEDEVCO (AMEX:PED) reported its Q4 earnings, missing estimated earnings by 100% with an EPS of $0.0 versus an estimate of $0.01. Revenue increased by $817 thousand from the previous year. The company's past earnings miss was followed by a 1.0% drop in share price the next day.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 11:20 am

PEDEVCO Corp. has received approval for its development plan for the Roth 2-11 wells in the D-J Basin, marking a significant step forward in its exploration and production efforts in the region.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 10:24 pm

EF Hutton analyst Ignacio Bernaldez has reiterated a 'Buy' rating on PEDEVCO (AMEX:PED) and maintained a price target of $2.5.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 11:04 am

Evolution Petroleum and PEDEVCO have entered into a strategic partnership to jointly develop PEDEVCO's Chaveroo Field in the Permian Basin. The partnership is expected to enhance the production capabilities of both companies.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 10:47 am

EF Hutton analyst Ignacio Bernaldez maintains a 'Buy' rating on PEDEVCO (AMEX:PED), but has lowered the price target from $2.75 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 4:01 pm

PEDEVCO reported Q2 earnings of $0.04 per share, in line with analyst consensus. The company's quarterly sales of $10.91 million beat the analyst consensus estimate of $9.50 million by 14.84 percent, a 14.28 percent increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 9:19 pm

EF Hutton analyst Ignacio Bernaldez has assumed PEDEVCO (AMEX:PED) with a Buy rating and set a price target of $2.4.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 8:30 am

Insiders at Lexicon Pharmaceuticals, Avalo Therapeutics, and PEDEVCO have recently made significant stock purchases. Lexicon announced a $125 million public offering and concurrent private placement, Avalo posted a narrower-than-expected quarterly loss, and PEDEVCO expanded into Wyoming D-J Basin Codell Play.

Portfolio Pulse from Lisa Levin

June 21, 2023 | 12:56 pm

EF Hutton analyst Ignacio Bernaldez assumes PEDEVCO (AMEX:PED) with a Buy rating and announces a price target of $2.4.

Portfolio Pulse from richadhand@benzinga.com

May 25, 2023 | 12:57 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.