Pedevco (PED) Projected to Post Quarterly 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) is projected to release 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 Stock Up 1.6%

Shares of NYSEAMERICAN:PED traded up $0.01 on Friday, hitting $0.62. The company had a trading volume of 51,644 shares, compared to its average volume of 115,161. The stock's 50-day moving average is $0.65. Pedevco has a 1 year low of $0.47 and a 1 year high of $1.07. The company has a market cap of $56.93 million, a price-to-earnings ratio of 3.26 and a beta of 0.39.

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.