Pedevco (PED) Projected to Announce Earnings on Thursday

Key Points

• Pedevco is expected to report Q3 2026 results after market close November 12, with analysts forecasting EPS of $0.18 and revenue of $31.05 million.
• In its previous quarter, the company reported EPS of $1.31, beating the $0.36 consensus, and revenue of $46.11 million versus estimates of $38.00 million.
• Major shareholder Simon G. Kukes recently bought 147,070 shares for about $1.91 million; insiders own 54.9% of the company.

Pedevco (NYSEAMERICAN:PED - Get Free Report) will likely be posting its Q3 2026 results after the market closes on Thursday, November 12th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $31.05 million for the quarter. Investors can find conference call details on the company's upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, November 12, 2026 at 4:30 PM ET.

Pedevco (NYSEAMERICAN:PED - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.95. Pedevco had a positive return on equity of 0.67% and a negative net margin of 14.61%. The business had revenue of $46.11 million for the quarter, compared to analysts' expectations of $38.00 million. On average, analysts expect Pedevco to post $0.82 EPS for the current fiscal year and $1.19 EPS for the next fiscal year.

Pedevco Price Performance

PED stock opened at $15.14 on Thursday. Pedevco has a one year low of $8.64 and a one year high of $18.89. The firm has a 50-day moving average of $14.14 and a two-hundred day moving average of $13.66. The firm has a market capitalization of $201.21 million, a PE ratio of 504.83 and a beta of 0.32. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.42.

Insider Activity at Pedevco

In other news, major shareholder Simon G. Kukes acquired 147,070 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average price of $13.00 per share, for a total transaction of $1,911,910.00. Following the completion of the acquisition, the insider owned 4,137,543 shares of the company's stock, valued at approximately $53,788,059. This represents a 3.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Moore Clark sold 5,277 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $12.53, for a total transaction of $66,120.81. Following the transaction, the vice president directly owned 45,385 shares in the company, valued at approximately $568,674.05. The trade was a 10.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 10,260 shares of company stock valued at $129,417. 54.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Pedevco from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pedevco has a consensus rating of "Buy".

Pedevco Company Profile

PEDEVCO Corp. (NYSE American: PED) is an independent energy company engaged in the acquisition, development and production of oil and natural gas properties in the United States. Its operations are focused on onshore assets, with production consisting primarily of crude oil, natural gas and natural gas liquids.

The company has historically pursued opportunities in the Permian Basin of New Mexico and the Denver-Julesburg Basin in Colorado. PEDEVCO has used acquisitions, drilling and development activities to build its portfolio of producing and prospective properties in these regions.

PEDEVCO was formerly known as Pacific Energy Development Corporation and adopted its current name in 2018.

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