PEDEVCO Corp. (NYSE:PED - Free Report) - Roth Capital cut their Q2 2025 earnings estimates for shares of PEDEVCO in a research report issued on Thursday, June 5th. Roth Capital analyst J. White now expects that the company will post earnings per share of $0.00 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.
A number of other research analysts have also weighed in on the company. Wall Street Zen assumed coverage on PEDEVCO in a research report on Thursday, May 22nd. They set a "sell" rating for the company. D. Boral Capital restated a "buy" rating and set a $1.50 price target on shares of PEDEVCO in a report on Tuesday, May 20th.
View Our Latest Stock Report on PED
PEDEVCO Trading Up 9.3%
PED traded up $0.06 during midday trading on Monday, reaching $0.73. The company's stock had a trading volume of 401,791 shares, compared to its average volume of 100,948. PEDEVCO has a 1 year low of $0.47 and a 1 year high of $1.10. The stock's 50-day moving average is $0.59 and its 200-day moving average is $0.71. The firm has a market capitalization of $66.91 million, a price-to-earnings ratio of 36.65 and a beta of 0.41.
Hedge Funds Weigh In On PEDEVCO
A number of hedge funds have recently added to or reduced their stakes in PED. Citadel Advisors LLC grew its stake in shares of PEDEVCO by 232.5% in the fourth quarter. Citadel Advisors LLC now owns 186,415 shares of the company's stock worth $145,000 after acquiring an additional 130,349 shares during the period. Renaissance Technologies LLC grew its position in PEDEVCO by 19.7% in the 4th quarter. Renaissance Technologies LLC now owns 292,736 shares of the company's stock worth $228,000 after purchasing an additional 48,132 shares during the period. Finally, Virtu Financial LLC raised its stake in PEDEVCO by 129.9% during the 4th 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 last quarter. 3.26% of the stock is currently owned by hedge funds and other institutional investors.
PEDEVCO Company Profile
(
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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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