PEDEVCO Corp. (PED)

Market Cap	66.23M
Revenue (ttm)	35.72M
Net Income (ttm)	2.35M
Shares Out	89.50M
EPS (ttm)	0.02
PE Ratio	30.43
Forward PE	18.50
Dividend	n/a
Ex-Dividend Date	n/a

Volume	73,044
Open	0.723
Previous Close	0.741
Day's Range	0.722 - 0.740
52-Week Range	0.610 - 1.100
Beta	0.52
Analysts	Strong Buy
Price Target	1.83 (+147.3%)
Earnings Date	Nov 14, 2024

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. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming. The company is headquartered in Houston, Texas.

• Industry: Oil & Gas Exploration & Production
• Sector: Energy
• CEO: Simon Kukes
• Employees: 15
• Stock Exchange: NYSEAMERICAN
• Ticker Symbol: PED
• Website: https://www.pedevco.com

Financial Performance

In 2023, PEDEVCO's revenue was $30.78 million, an increase of 2.50% compared to the previous year's $30.03 million. Earnings were $264,000, a decrease of -90.72%.

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 147.30% from the latest price.

Price Target

$1.83

(147.30% upside)

Analyst Consensus: Strong Buy