PEDEVCO
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
9% more capital invested
Capital invested by funds: $2.04M [Q2] → $2.22M (+$175K) [Q3]
4% more funds holding
Funds holding: 24 [Q2] → 25 (+1) [Q3]
0.13% more ownership
Funds ownership: 2.53% [Q2] → 2.65% (+0.13%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$1.50
103%
upside
Avg. target
$1.50
103%
upside
High target
$1.50
103%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
D. Boral Capital Jesse Sobelson 75% 1-year accuracy 12 / 16 met price target | 103%upside $1.50 | Buy Maintained | 20 Nov 2024 |
Financial journalist opinion
Neutral
Accesswire
1 week 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
1 month 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
1 month 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
1 month 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
1 month 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.
Positive
Zacks Investment Research
2 months ago
Equinor Strengthens Offshore Wind Portfolio With 9.8% Stake in Orsted
EQNR secures a 9.8% stake in Orsted, becoming the latter's second-largest shareholder and advancing its commitment to offshore wind and renewable energy growth.
Neutral
Accesswire
2 months ago
PEDEVCO Announces Entry into Participation Agreement and Area of Mutual Interest with Large Private Equity-Backed D-J Basin E&P Company
HOUSTON, TX / ACCESSWIRE / October 1, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that it has entered into a five year Participation Agreement ("PA") and Area of Mutual Interest ("AMI") 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 participate in the joint development of approximately 10,750 net acres collectively held by the companies in the SW Pony Prospect located in Weld County, Colorado. The parties have formed an approximately 16,900 gross acre AMI in the prospect, with PEDVCO holding a 30% interest and the Operator holding a 70% interest in the combined acreage.
Neutral
Accesswire
3 months ago
PEDEVCO Announces Closing of $250 Million Reserve Based Lending Facility with Citibank, N.A.
HOUSTON, TX / ACCESSWIRE / September 11, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company") is pleased to announce the successful closing of a new $250 million reserve based lending facility ("RBL" or "Facility") among Citibank, N.A., as administrative agent, and the lenders (including Citibank, N.A.
Positive
Zacks Investment Research
3 months ago
3 Oil & Gas Equipment Stocks Set to Gain From a Prospering 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).
Positive
Zacks Investment Research
3 months ago
Best Momentum Stocks to Buy for September 4th
MHO, SMFG and PED made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 4, 2024.
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