PEDEVCO Corp. (PED)

Market Cap	51.14M
Revenue (ttm)	39.55M
Net Income (ttm)	17.79M
Shares Out	91.34M
EPS (ttm)	0.20
PE Ratio	2.81
Forward PE	9.33
Dividend	n/a
Ex-Dividend Date	n/a

Volume	49,136
Open	0.5510
Previous Close	0.5454
Day's Range	0.5500 - 0.5600
52-Week Range	0.4700 - 1.1000
Beta	0.29
Analysts	Strong Buy
Price Target	1.83 (+226.79%)
Earnings Date	May 14, 2025

About PED

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company holds interests in the Permian Basin asset covering an area of approximately 14,550 net acres located in New Mexico. Its properties also include D-J Basin asset covering an area of approximately 14,809 net acres in Weld and Morgan Counties, Colorado; and 3,860 net acres in Laramie County, Wyoming. The company is headquartered in Houston, Texas.

• Industry: Oil & Gas Exploration & Production
• Sector: Energy
• CEO: John Schick
• Employees: 14
• Stock Exchange: NYSEAMERICAN
• Ticker Symbol: PED
• Website: https://www.pedevco.com

Financial Performance

In 2024, PEDEVCO's revenue was $39.55 million, an increase of 28.49% compared to the previous year's $30.78 million. Earnings were $17.79 million, an increase of 947.03%.

Analyst Forecast

According to 3 analysts, the average rating for PED stock is "Strong Buy." The 12-month stock price forecast is $1.83, which is an increase of 226.79% from the latest price.

Price Target

$1.83

(226.79% upside)

Analyst Consensus: Strong Buy