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PEDEVCO (PED) Stock Forecast & Price Target

$1.03
+0.06 (+6.19%)
(As of 07/18/2024 ET)

PEDEVCO - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 1 Wall Street analysts who have issued ratings for PEDEVCO in the last 12 months, the stock has a consensus rating of "Buy." Out of the 1 analysts, 1 has given a buy rating for PED.

Consensus Price Target

$1.75
69.90% Upside
High Forecast$1.75
Average Forecast$1.75
Low Forecast$1.75

According to the 1 analysts' twelve-month price targets for PEDEVCO, the average price target is $1.75. The highest price target for PED is $1.75, while the lowest price target for PED is $1.75. The average price target represents a forecasted upside of 69.90% from the current price of $1.03.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Buy
N/AN/AN/A
Strong Buy
0 Strong Buy rating(s)
N/A N/A N/A
Buy
1 Buy rating(s)
N/A N/A N/A
Hold
0 Hold rating(s)
N/A N/A N/A
Sell
0 Sell rating(s)
N/A N/A N/A
Consensus Price Target$1.75N/AN/AN/A
Forecasted Upside69.90% UpsideN/AN/AN/A
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PED Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PED Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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PEDEVCO Stock vs. The Competition

TypePEDEVCOOils/Energy CompaniesS&P 500
Consensus Rating Score
3.00
2.56
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside69.90% Upside323.74% Upside9.10% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024Alliance Global Partners
1 of 5 stars
J. Molloy
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageBuy$1.75+80.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 08:27 AM ET.

PED Forecast - Frequently Asked Questions

What is PEDEVCO's forecast for 2024?

According to the research reports of 1 Wall Street equities research analysts, the average twelve-month stock price forecast for PEDEVCO is $1.75, with a high forecast of $1.75 and a low forecast of $1.75.

Should I buy or sell PEDEVCO stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PEDEVCO in the last twelve months. There is currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PED shares.

Does PEDEVCO's stock price have much upside?

According to analysts, PEDEVCO's stock has a predicted upside of 80.60% based on their 12-month stock forecasts.

What analysts cover PEDEVCO?

PEDEVCO has been rated by research analysts at Alliance Global Partners in the past 90 days.

Do Wall Street analysts like PEDEVCO more than its competitors?

Analysts like PEDEVCO more than other "oils/energy" companies. The consensus rating for PEDEVCO is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how PED compares to other companies.


This page (NYSE:PED) was last updated on 7/19/2024 by MarketBeat.com Staff

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