PEDEVCO
About: PEDEVCO Corp is an oil and gas company focused on oil and natural gas development, exploration, and production. The company focuses on legacy 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: 14
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
12% more funds holding
Funds holding: 25 [Q3] → 28 (+3) [Q4]
0.3% more ownership
Funds ownership: 2.65% [Q3] → 2.95% (+0.3%) [Q4]
8% less capital invested
Capital invested by funds: $2.24M [Q3] → $2.06M (-$179K) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$1.50
190%
upside
Avg. target
$1.50
190%
upside
High target
$1.50
190%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
D. Boral Capital Jesse Sobelson 12% 1-year accuracy 6 / 51 met price target | 190%upside $1.50 | Buy Maintained | 2 Apr 2025 |
Financial journalist opinion
Neutral
Accesswire
3 weeks ago
PEDEVCO Announces 2024 Financial Results
HOUSTON, TX / ACCESS Newswire / March 31, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the year ended December 31, 2024. Key Highlights Include: Produced an average of 1,835 barrels of oil equivalent per day ("BOEPD") (73% oil, 85% liquids) in 2024, increasing 29% over average daily production in 2023.
Neutral
Accesswire
1 month ago
PEDEVCO Provides Permian Basin Operational Update
HOUSTON, TX / ACCESS Newswire / March 11, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") provided an operational update today on the completion of drilling of four gross (two net) new horizontal San Andres wells in its core Chaveroo Field in the Permian Basin. The wells were all drilled on time and under budget.
Neutral
Accesswire
1 month ago
PEDEVCO to Participate in the 37th Annual ROTH Conference
HOUSTON, TX / ACCESS Newswire / March 10, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that the Company is scheduled to participate in the 37th Annual ROTH Conference to be held at the Laguna Cliffs Marriott Resort & Spa located in Dana Point, California on March 16-18, 2025. J. Douglas Schick, President and Chief Executive Officer of the Company, will host one-on-one meetings with investors.
Neutral
Accesswire
1 month ago
PEDEVCO Announces Entry into Joint Development Agreement with Large Private Equity-Backed D-J Basin E&P Company
HOUSTON, TX / ACCESS Newswire / March 3, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that it has entered into a joint development agreement ("Agreement") with a large, Denver, Colorado-based private equity-backed D-J Basin E&P Company with extensive operational experience ("Operator"), pursuant to which the companies have agreed to jointly participate in the expansion and development of the Company's Roth and Amber DSUs located in Weld County, Colorado. Pursuant to the Agreement, in exchange for the Operator's payment to the Company of approximately $1.7 million, the Company agreed to submit to the Colorado Energy and Carbon Management Commission (the "ECMC") spacing applications to amend the Company's existing Roth and Amber DSUs to increase each of their sizes from ~1,280 acres to ~1,600 acres, transfer operatorship of the DSUs to the Operator, and jointly participate in the development of the Roth DSU with each party having not less than a 40% working interest.
Positive
Zacks Investment Research
1 month ago
3 Oil & Gas Equipment Stocks Set to Gain From a Promising Industry
Handsome upstream activities are boosting the demand for drilling & production equipment, brightening the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry. Some of the frontrunners in the industry are Oil States (OIS), Profire Energy (PFIE), and PEDEVCO (PED).
Neutral
Accesswire
4 months ago
PEDEVCO Announces Appointment of New Chief Executive Officer, New Chief Commercial Officer, and Board of Director Changes
HOUSTON, TX / ACCESSWIRE / December 11, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., announced today that its Board of Directors has appointed J. Douglas Schick, the Company's current President since August 2018, as the Company's new Chief Executive Officer and a member of the Board, and is expanding its executive management and development team with the hiring of Mr.
Positive
Zacks Investment Research
5 months ago
Pedevco Corp. (PED) Q3 Earnings Match Estimates
Pedevco Corp. (PED) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.01 per share a year ago.
Neutral
Accesswire
5 months ago
PEDEVCO Announces Q3 2024 Financial Results and Operations Update
HOUSTON, TX / ACCESSWIRE / November 14, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three and nine months ended September 30, 2024, and provided an operations update. Key Financial and Operational Highlights Include: Produced an average of 1,698 barrels of oil equivalent per day ("BOEPD") (85% liquids) in the three months ended September 30, 2024 ("Q3 2024"), compared to 1,376 BOEPD produced in Q3 2023.
Neutral
Zacks Investment Research
5 months ago
Pedevco Corp. (PED) Earnings Expected to Grow: What to Know Ahead of Q3 Release
Pedevco (PED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
5 months ago
Are Investors Undervaluing Pedevco (PED) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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