PEDEVCOPED
Market Cap: $76.6M
About: PEDEVCO Corp is an oil and gas company focused on the acquisition and development of oil and natural gas assets in modern drilling and completion techniques and technologies have yet to be applied. The company focuses on legacy proved properties where there is a long production history, well-defined geology and existing infrastructure that can be leveraged when applying modern field management technologies. The current properties of the company are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico (the Permian Basin) and in the Denver-Julesberg Basin (D-J Basin) in Colorado and Wyoming.
Employees: 15
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
10% more capital invested
Capital invested by funds: $1.86M [Q1] → $2.04M (+$183K) [Q2]
0% more funds holding
Funds holding: 24 [Q1] → 24 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
2.41% less ownership
Funds ownership: 4.94% [Q1] → 2.53% (-2.41%) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Alliance Global Partners James Molloy 0% 1-year accuracy 0 / 8 met price target | 104%upside $1.75 | Buy Initiated | 17 Jul 2024 |
Financial journalist opinion
Based on 6 articles about PED published over the past 30 days