Pedevco (PED) Projected to Post Earnings on Wednesday

Key Points

• Pedevco is expected to announce its earnings before the market opens on Wednesday, August 13th, with analysts predicting earnings of $0.01 per share and revenue of $11.81 million for the quarter.
• As of Wednesday, Pedevco shares opened at $0.62, with a one-year low of $0.47 and a high of $1.07, while the company's market capitalization stands at $56.93 million.
• Pedevco operates in the oil and gas sector, focusing on the acquisition and production of assets in the Permian Basin and D-J Basin in the United States.

Pedevco (NYSEAMERICAN:PED - Get Free Report) will likely be releasing its earnings data before the market opens on Wednesday, August 13th. Analysts expect Pedevco to post earnings of $0.01 per share and revenue of $11.81 million for the quarter.

Pedevco Price Performance

PED traded up $0.00 during midday trading on Thursday, hitting $0.61. The company had a trading volume of 52,608 shares, compared to its average volume of 114,501. Pedevco has a twelve month low of $0.47 and a twelve month high of $1.07. The company has a market capitalization of $56.02 million, a P/E ratio of 3.21 and a beta of 0.39. The firm has a 50-day moving average price of $0.65.

About Pedevco

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.