Roth Capital Has Pessimistic Outlook of PEDEVCO Q2 Earnings

PEDEVCO Corp. (NYSE:PED - Free Report) - Stock analysts at Roth Capital reduced their Q2 2025 EPS estimates for shares of PEDEVCO in a research note issued on Thursday, June 5th. Roth Capital analyst J. White now expects that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01. The consensus estimate for PEDEVCO's current full-year earnings is $0.06 per share. Roth Capital also issued estimates for PEDEVCO's Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at $0.01 EPS.

Several other research analysts also recently issued reports on the company. Wall Street Zen initiated coverage on PEDEVCO in a report on Thursday, May 22nd. They set a "sell" rating on the stock. D. Boral Capital reaffirmed a "buy" rating and set a $1.50 price target on shares of PEDEVCO in a research note on Tuesday, May 20th.

PEDEVCO Trading Down 1.0%

Shares of PED stock opened at $0.64 on Monday. The firm's 50 day moving average is $0.58 and its 200-day moving average is $0.71. PEDEVCO has a 1 year low of $0.47 and a 1 year high of $1.10. The firm has a market capitalization of $58.77 million, a price-to-earnings ratio of 32.19 and a beta of 0.41.

Hedge Funds Weigh In On PEDEVCO

Several large investors have recently bought and sold shares of PED. Renaissance Technologies LLC lifted its stake in shares of PEDEVCO by 19.7% in the 4th quarter. Renaissance Technologies LLC now owns 292,736 shares of the company's stock valued at $228,000 after purchasing an additional 48,132 shares during the period. Virtu Financial LLC lifted its stake in PEDEVCO by 129.9% in the fourth quarter. Virtu Financial LLC now owns 38,045 shares of the company's stock valued at $30,000 after buying an additional 21,499 shares during the period. Finally, Citadel Advisors LLC lifted its stake in PEDEVCO by 232.5% in the fourth quarter. Citadel Advisors LLC now owns 186,415 shares of the company's stock valued at $145,000 after buying an additional 130,349 shares during the period. 3.26% of the stock is currently owned by institutional investors and hedge funds.

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.

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