Pedevco Corp. (PED)

NYSEAMERICAN: PED · IEX Real-Time Price · USD
1.11
+0.01 (0.91%)
Dec 7, 2022 4:00 PM EST - Market closed
0.91%
Market Cap 94.37M
Revenue (ttm) 28.63M
Net Income (ttm) 4.15M
Shares Out 85.64M
EPS (ttm) 0.05
PE Ratio 22.20
Forward PE 10.45
Dividend n/a
Ex-Dividend Date n/a
Volume 245,481
Open 1.12
Previous Close 1.1
Day's Range 1.08 - 1.12
52-Week Range 0.9 - 2.44
Beta 1.25
Analysts Buy
Price Target 2.32 (+109.0%)
Earnings Date Nov 21, 2022

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. 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. PEDEVC... [Read more]

Industry Oil, Gas & Consumable Fuels
CEO Simon Kukes
Employees 14
Stock Exchange NYSEAMERICAN
Ticker Symbol PED
Full Company Profile

Financial Performance

In 2021, Pedevco's revenue was $15.86 million, an increase of 96.80% compared to the previous year's $8.06 million. Losses were -$1.30 million, -96.03% less than in 2020.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for PED stock is "Buy." The 12-month stock price forecast is 2.32, which is an increase of 109.01% from the latest price.

Price Target
$2.32
(109.01% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Pedevco Corp. (PED) Q3 Earnings and Revenues Miss Estimates

Pedevco Corp. (PED) delivered earnings and revenue surprises of -66.67% and 9.98%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

PEDEVCO Announces Q3 2022 Financial Results and Operations Update

HOUSTON, TX / ACCESSWIRE / November 14, 2022 / PEDEVCO Corp. (NYSE American:PED)("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energ...

3 weeks ago - Accesswire

Pedevco Corp. (PED) Tops Q2 Earnings and Revenue Estimates

Pedevco Corp. (PED) delivered earnings and revenue surprises of 33.33% and 9.32%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

PEDEVCO Announces Q2 2022 Financial Results and Operations Update

HOUSTON, TX / ACCESSWIRE / August 15, 2022 / PEDEVCO Corp. (NYSE American:PED)("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy ...

3 months ago - Accesswire

Pedevco Corp. (PED) Moves to Buy: Rationale Behind the Upgrade

Pedevco Corp. (PED) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

6 months ago - Zacks Investment Research

PEDEVCO Announces Q1 2022 Financial Results and Operations Update

HOUSTON, TX / ACCESSWIRE / May 16, 2022 / ­­ PEDEVCO Corp. (NYSE American:PED)("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy ...

6 months ago - Accesswire

PEDEVCO Announces 2021 Financial Results and Operations Update

HOUSTON, TX / ACCESSWIRE / March 11, 2022 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy ...

8 months ago - Accesswire

PEDEVCO to Participate in the 34th Annual Roth Conference

HOUSTON, TX / ACCESSWIRE / March 7, 2022 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that the Company is scheduled to participate in the 34th Annual Roth Conference to be held in Dan...

9 months ago - Accesswire

PEDEVCO Announces Closing of D-J Basin Asset Acquisition and Results from Recently Completed Non-Operated Wells

Increases Company's Interest in Prolific Non-Op Producing Wells HOUSTON, TX / ACCESSWIRE / February 7, 2022 / PEDEVCO Corp. (NYSE American:PED) announced today that it recently consummated the acquisiti...

10 months ago - Accesswire

PEDEVCO Announces Completion of Drilling of Two New Horizontal Wells in its Permian Basin Asset

Initial Production Anticipated in Mid-February HOUSTON, TX / ACCESSWIRE / January 6, 2022 / PEDEVCO Corp. (NYSE American:PED) announced today that it has completed the drilling of two new horizontal wel...

11 months ago - Accesswire

PEDEVCO Announces Spudding of First of Two New Horizontal Wells in Permian Basin Asset

HOUSTON, TX / ACCESSWIRE / December 8, 2021 / PEDEVCO Corp. (NYSE American:PED) announced today that it has spud the first of two new horizontal wells that the Company plans to drill this month in its P...

11 months ago - Accesswire

PEDEVCO Reports Third Quarter 2021 Financial Results and Operations Update

Third Quarter Revenues Increased 68% to $4.1 Million HOUSTON, TX / ACCESSWIRE / November 15, 2021 / PEDEVCO Corp. (NYSE American:PED), an energy company engaged in the acquisition and development of str...

1 year ago - Accesswire

PED Stock: 7 Things to Know About Micro-Cap Energy Play PEDEVCO as CEO Purchases $500K Shares

PEDEVCO has enjoyed an excellent year, and CEO Simon Fukes is looking to cash in. He's made three big buys of PED stock in the past month.

1 year ago - InvestorPlace

PEDEVCO Corp. Announces Closing of $7 Million Registered Direct Offering of Common Stock

HOUSTON, TX / ACCESSWIRE / October 6, 2021 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy...

1 year ago - Accesswire

PEDEVCO Corp. Announces Pricing of $7.0 Million Registered Direct Offering

HOUSTON, TX / ACCESSWIRE / October 4, 2021 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy...

1 year ago - Accesswire

PEDEVCO Publishes Updated Company Presentation and Provides Operations Update

Increased Focus on Highly Economic and Prospective D-J Basin Opportunities HOUSTON, TX / ACCESSWIRE / September 20, 2021 / PEDEVCO Corp. (NYSE American:PED), an energy company engaged in the acquisition...

1 year ago - Accesswire

PEDEVCO Reports Second Quarter 2021 Financial Results and Operations Update

Second Quarter Revenues Increased 470% to $3.74 Million HOUSTON, TX / ACCESSWIRE / August 17, 2021 / PEDEVCO Corp. (NYSE American:PED), an energy company engaged in the acquisition and development of st...

1 year ago - Accesswire

PEDEVCO Announces 1st Quarter Results with Revenue and Cash Increasing Over Prior Periods

HOUSTON, TX / ACCESSWIRE / May 17, 2021 / PEDEVCO Corp. (NYSE American:PED) (the "Company") reported 1st quarter of 2021 results today. Due primarily to the Company bringing two new horizontal San Andre...

1 year ago - Accesswire

PEDEVCO Announces Successful New Wells and Adds $1.9 Million Cash through Sale of Non-Core Assets

Over $18.5 Million Cash on Balance Sheet and Zero Debt HOUSTON, TX / ACCESSWIRE / March 23, 2021 / PEDEVCO Corp. (NYSE American:PED) (the "Company") today announced the results of two horizontal San And...

1 year ago - Accesswire

Pedevco News: Why PED Stock Is Skyrocketing 208% Today

Pedevco (PED) news for Thursday concerning its interest in acquiring SandRidge Permian Trust (PER) has PED stock flying higher.

2 years ago - InvestorPlace

Pedevco Corp (PED) CEO Simon G Kukes Bought $344,165 of Shares

CEO of Pedevco Corp (30-Year Financial, Insider Trades) Simon G Kukes (insider trades) bought 227,924 shares of PED on 08/19/2019 at an average price of $1.51 a share.

3 years ago - GuruFocus

Pedevco Corp (PED) CEO Simon G Kukes Bought $343,842 of Shares

CEO of Pedevco Corp (30-Year Financial, Insider Trades) Simon G Kukes (insider trades) bought 227,710 shares of PED on 08/19/2019 at an average price of $1.51 a share.

3 years ago - GuruFocus

Pedevco Corp (PED) CEO Simon G Kukes Bought $157,926 of Shares

CEO of Pedevco Corp (PED) Simon G Kukes bought 77,037 shares of PED on 06/24/2019 at an average price of $2.05 a share.

3 years ago - GuruFocus