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

0.71

Mkt cap

66M

Volume

102K

High

0.77

P/E Ratio

36.60

52-wk high

1.10

Low

0.71

Div yield

N/A

52-wk low

0.69

EF Hutton analyst Tim Moore maintains a Buy rating on PEDEVCO (AMEX:PED) with a price target of $2.25.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 6:34 pm

PEDEVCO, in partnership with Evolution Petroleum Corporation, has successfully drilled and completed three horizontal San Andres wells in the Chaveroo Field, Permian Basin. These wells, drilled in Q4 2023 and completed by early 2024, have commenced production with promising early results, peaking at 300 to 375 BOEPD per well. The wells are currently exceeding expectations with an average production of over 750 BOEPD in the last 30 days, indicating a positive outlook for future development phases.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 11:39 am

PEDEVCO reported its Q4 earnings with an EPS of $0.00, missing the estimated $0.01. However, its sales of $6.74M exceeded the $6.36M estimate.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 12:03 pm

PEDEVCO reported a 43% increase in average daily production to 1,427 barrels of oil equivalent per day (74% oil) in 2023 compared to 2022. The company also reported a 2023 adjusted EBITDA of $17.5M, marking an 8% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:26 am

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

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