NYSEAMERICAN:PED PEDEVCO (PED) Stock Forecast, Price & News $1.01 +0.01 (+1.00%) (As of 09/29/2023 ET) Add Compare Share Share Today's Range$0.99▼$1.0350-Day Range$0.86▼$1.0852-Week Range$0.80▼$1.31Volume79,951 shsAverage Volume147,085 shsMarket Capitalization$87.91 millionP/E Ratio33.68Dividend YieldN/APrice Target$2.40 ProfileProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsInsider TradesHeadlinesShort InterestSocial Media PEDEVCO MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside137.6% Upside$2.40 Price TargetShort InterestHealthy0.71% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.50Based on 2 Articles This WeekInsider TradingSelling Shares$36,800 Sold Last QuarterProj. Earnings Growth-50.00%From $0.12 to $0.06 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.29 out of 5 stars 3.5 Analyst's Opinion Consensus RatingPEDEVCO has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.40, PEDEVCO has a forecasted upside of 137.6% from its current price of $1.01.Amount of Analyst CoveragePEDEVCO has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.71% of the float of PEDEVCO has been sold short.Short Interest Ratio / Days to CoverPEDEVCO has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in PEDEVCO has recently increased by 403.15%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldPEDEVCO does not currently pay a dividend.Dividend GrowthPEDEVCO does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PED. Previous Next 0.8 News and Social Media Coverage News SentimentPEDEVCO has a news sentiment score of -0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.42 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for PEDEVCO this week, compared to 0 articles on an average week.Search InterestOnly 1 people have searched for PED on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PEDEVCO insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $36,800.00 in company stock.Percentage Held by Insiders71.10% of the stock of PEDEVCO is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 3.05% of the stock of PEDEVCO is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PEDEVCO are expected to decrease by -50.00% in the coming year, from $0.12 to $0.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PEDEVCO is 33.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.88.Price to Earnings Ratio vs. SectorThe P/E ratio of PEDEVCO is 33.68, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 111.79.Price to Book Value per Share RatioPEDEVCO has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About PEDEVCO (NYSEAMERICAN:PED) StockPEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.Read More PED Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PED Stock News HeadlinesSeptember 27, 2023 | americanbankingnews.comPEDEVCO (NYSEAMERICAN:PED) Earns Hold Rating from Analysts at StockNews.comSeptember 21, 2023 | americanbankingnews.comStockNews.com Begins Coverage on PEDEVCO (NYSEAMERICAN:PED)October 1, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.September 19, 2023 | msn.com$1.2 billion in Permian Basin oil and gas assets sold to Vital Energy as region leads USSeptember 17, 2023 | finance.yahoo.comEvolution Petroleum Corporation (AMEX:EPM) Q4 2023 Earnings Call TranscriptSeptember 14, 2023 | msn.comEvolution Petroleum Is Going ConventionalAugust 15, 2023 | msn.comPEDEVCO GAAP EPS of $0.04, revenue of $10.9MAugust 14, 2023 | finanznachrichten.dePEDEVCO Corp.: PEDEVCO Announces Q2 2023 Financial Results and Operations UpdateOctober 1, 2023 | Behind the Markets (Ad)Buy THIS stock before Taiwan is attacked... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.August 14, 2023 | finance.yahoo.comPEDEVCO Announces Q2 2023 Financial Results and Operations UpdateJuly 28, 2023 | msn.comExxon Mobil (XOM) Q2 Earnings Lag EstimatesJuly 27, 2023 | msn.comOil States International (OIS) Q2 Earnings and Revenues Miss EstimatesJune 20, 2023 | finance.yahoo.comUD1P.BE - PEDEVCO CorpJune 20, 2023 | benzinga.comPEDEVCO Chief Executive Officer Trades Company's StockJune 15, 2023 | msn.comEnergy Focus launches 1-for-7 reverse stock splitJune 15, 2023 | msn.comPedevco expands footprint in Wyoming D-J Basin's Codell playJune 14, 2023 | finanznachrichten.dePEDEVCO Corp.: PEDEVCO Announces Expansion into Wyoming D-J Basin Codell PlayJune 14, 2023 | finance.yahoo.comPEDEVCO Announces Expansion into Wyoming D-J Basin Codell PlayMay 16, 2023 | msn.comEF Hutton Reiterates PEDEVCO (PED) Buy RecommendationMay 15, 2023 | finanznachrichten.dePEDEVCO Corp.: PEDEVCO Announces Q1 2023 Financial Results and Operations UpdateMay 15, 2023 | finance.yahoo.comPEDEVCO Announces Q1 2023 Financial Results and Operations UpdateApril 24, 2023 | finance.yahoo.comPEDEVCO To Host One-On-One Meetings at the Inaugural EF Hutton Global Conference on May 10, 2023April 12, 2023 | finanznachrichten.dePEDEVCO Corp.: PEDEVCO To Participate and Present at EnerCom Dallas - The Energy Investment and ESG Conference on April 18-19, 2023April 12, 2023 | finance.yahoo.comPEDEVCO To Participate and Present at EnerCom Dallas – The Energy Investment and ESG Conference on April 18–19, 2023March 29, 2023 | finance.yahoo.comPEDEVCO Announces 2022 Financial Results and Operations UpdateMarch 6, 2023 | finance.yahoo.comPEDEVCO To Participate In The 35th Annual Roth ConferenceNovember 22, 2022 | seekingalpha.comThe Prognosis For Pedevco Corp.See More Headlines Receive PED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PEDEVCO and its competitors with MarketBeat's FREE daily newsletter. Email Address PED Company Calendar Last Earnings8/15/2023Today10/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSEAMERICAN Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolNYSEAMERICAN:PED CUSIPN/A CIKN/A Webwww.pacificenergydevelopment.com Phone(713) 221-1768Fax925-403-0703Employees14Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.40 High Stock Price Forecast$2.40 Low Stock Price Forecast$2.40 Forecasted Upside/Downside+137.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.03 Trailing P/E Ratio33.68 Forward P/E Ratio8.42 P/E GrowthN/ANet Income$2.84 million Net Margins11.32% Pretax Margin11.32% Return on Equity3.71% Return on Assets3.35% Debt Debt-to-Equity RatioN/A Current Ratio4.66 Quick Ratio4.65 Sales & Book Value Annual Sales$30.03 million Price / Sales2.93 Cash Flow$0.17 per share Price / Cash Flow6.05 Book Value$1.13 per share Price / Book0.89Miscellaneous Outstanding Shares87,040,000Free Float25,155,000Market Cap$87.91 million OptionableNot Optionable Beta1.32 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesDr. Simon Gregory Kukes (Age 76)CEO & Director Mr. John Douglas Schick (Age 47)Pres Comp: $394.15kMr. Paul Anthony Pinkston (Age 56)Chief Accounting Officer Comp: $194.33kMr. Clark R. Moore (Age 50)Exec. VP, Gen. Counsel & Sec. Comp: $385.8kKey CompetitorsPermRock Royalty TrustNYSE:PRTPermianville Royalty TrustNYSE:PVLViking Energy GroupOTCMKTS:VKINBattalion OilNYSE:BATLChesapeake Granite Wash TrustOTCMKTS:CHKRView All CompetitorsInsiders & InstitutionsRenaissance Technologies LLCBought 97,925 shares on 8/11/2023Ownership: 0.374%Geode Capital Management LLCBought 69,514 shares on 8/11/2023Ownership: 0.276%EA Series TrustBought 41,041 shares on 7/27/2023Ownership: 0.047%Virtu Financial LLCBought 28,367 shares on 7/27/2023Ownership: 0.033%John J ScelfoSold 40,000 sharesTotal: $36,800.00 ($0.92/share)View All Insider TransactionsView All Institutional Transactions PED Stock - Frequently Asked Questions Should I buy or sell PEDEVCO stock right now? 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PEDEVCO in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PED shares. View PED analyst ratings or view top-rated stocks. What is PEDEVCO's stock price forecast for 2023? 1 Wall Street analysts have issued 1 year target prices for PEDEVCO's shares. Their PED share price forecasts range from $2.40 to $2.40. On average, they anticipate the company's share price to reach $2.40 in the next twelve months. This suggests a possible upside of 137.6% from the stock's current price. View analysts price targets for PED or view top-rated stocks among Wall Street analysts. How have PED shares performed in 2023? PEDEVCO's stock was trading at $1.07 at the beginning of 2023. Since then, PED shares have decreased by 5.6% and is now trading at $1.01. View the best growth stocks for 2023 here. Are investors shorting PEDEVCO? PEDEVCO saw a increase in short interest in September. As of September 15th, there was short interest totaling 127,800 shares, an increase of 403.1% from the August 31st total of 25,400 shares. Based on an average trading volume of 103,500 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the company's shares are short sold. View PEDEVCO's Short Interest. How were PEDEVCO's earnings last quarter? PEDEVCO Corp. (NYSEAMERICAN:PED) announced its earnings results on Tuesday, August, 15th. The company reported $0.04 earnings per share for the quarter, meeting analysts' consensus estimates of $0.04. The company had revenue of $10.91 million for the quarter, compared to analyst estimates of $9.48 million. PEDEVCO had a net margin of 11.32% and a trailing twelve-month return on equity of 3.71%. What other stocks do shareholders of PEDEVCO own? Based on aggregate information from My MarketBeat watchlists, some companies that other PEDEVCO investors own include Imunon (CLSN), Energy Transfer (ET), Zosano Pharma (ZSAN), AbbVie (ABBV), AutoWeb (AUTO), Biopharmx (BPMX) and Ekso Bionics (EKSO). What is PEDEVCO's stock symbol? PEDEVCO trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "PED." How do I buy shares of PEDEVCO? Shares of PED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is PEDEVCO's stock price today? One share of PED stock can currently be purchased for approximately $1.01. How much money does PEDEVCO make? PEDEVCO (NYSEAMERICAN:PED) has a market capitalization of $87.91 million and generates $30.03 million in revenue each year. The company earns $2.84 million in net income (profit) each year or $0.03 on an earnings per share basis. How can I contact PEDEVCO? PEDEVCO's mailing address is 4125 Blackhawk Plaza Cir Ste 201, DANVILLE, CA 94506-4678, United States. The official website for the company is www.pacificenergydevelopment.com. The company can be reached via phone at (713) 221-1768, via email at pr@pacificenergydevelopment.com, or via fax at 925-403-0703. This page (NYSEAMERICAN:PED) was last updated on 10/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PEDEVCO Corp. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.