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 target for 2024?

1 Wall Street research analysts have issued 12 month price targets for PEDEVCO's stock. Their PED share price targets range from $2.40 to $2.40. On average, they anticipate the company's stock price to reach $2.40 in the next twelve months. This suggests a possible upside of 191.9% 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 the year. Since then, PED shares have decreased by 23.2% and is now trading at $0.8221. View the best growth stocks for 2023 here .

Are investors shorting PEDEVCO?

PEDEVCO saw a drop in short interest in November. As of November 15th, there was short interest totaling 13,600 shares, a drop of 78.0% from the October 31st total of 61,700 shares. Based on an average daily volume of 85,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold. View PEDEVCO's Short Interest .

How were PEDEVCO's earnings last quarter?

PEDEVCO Corp. (NYSEAMERICAN:PED) posted its earnings results on Thursday, November, 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The firm had revenue of $7.33 million for the quarter, compared to the consensus estimate of $7.21 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) .

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 .

PEDEVCO Stock Price, News & Analysis (NYSEAMERICAN:PED)

$0.82

0.00 (0.00%)

(As of 11/30/2023 ET)

Compare

Today's Range: $0.82
▼
$0.84
50-Day Range: $0.86
▼
$1.08
52-Week Range: $0.80
▼
$1.20

Volume: 73,538 shs
Average Volume: 131,970 shs
Market Capitalization: $71.56 million

P/E Ratio: 27.41
Dividend Yield: N/A
Price Target: $2.40

Stock Analysis Analyst Forecasts Chart Earnings Headlines Insider Trades Ownership Short Interest

PEDEVCO MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 191.9% Upside
$2.40 Price Target
Short Interest: Healthy
0.08% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -50.00%
From $0.12 to $0.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
PEDEVCO 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/Downside
According to analysts' consensus price target of $2.40, PEDEVCO has a forecasted upside of 191.9% from its current price of $0.82.
Amount of Analyst Coverage
PEDEVCO has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.08% of the float of PEDEVCO has been sold short.
Short Interest Ratio / Days to Cover
PEDEVCO has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PEDEVCO has recently decreased by 77.96%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
PEDEVCO does not currently pay a dividend.
Dividend Growth
PEDEVCO does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PED.

3.3

News and Social Media Coverage

News Sentiment
PEDEVCO has a news sentiment score of 1.00. 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 higher news sentiment than the 0.35 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 1 news article for PEDEVCO this week, compared to 0 articles on an average week.
Search Interest
3 people have searched for PED on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PEDEVCO insiders have not sold or bought any company stock.
Percentage Held by Insiders
71.10% 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 Institutions
Only 3.05% of the stock of PEDEVCO is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of PEDEVCO is 27.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of PEDEVCO is 27.41, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 112.48.
Price to Book Value per Share Ratio
PEDEVCO has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About PEDEVCO Stock (NYSEAMERICAN:PED)

PEDEVCO 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.

PED Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PED Stock News Headlines

September 19, 2023 | msn.com

$1.2 billion in Permian Basin oil and gas assets sold to Vital Energy as region leads US

September 17, 2023 | finance.yahoo.com

Evolution Petroleum Corporation (AMEX:EPM) Q4 2023 Earnings Call Transcript

December 1, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.

September 14, 2023 | msn.com

Evolution Petroleum Is Going Conventional

August 15, 2023 | msn.com

PEDEVCO GAAP EPS of $0.04, revenue of $10.9M

August 14, 2023 | finanznachrichten.de

PEDEVCO Corp.: PEDEVCO Announces Q2 2023 Financial Results and Operations Update

August 14, 2023 | finance.yahoo.com

PEDEVCO Announces Q2 2023 Financial Results and Operations Update

July 28, 2023 | msn.com

Exxon Mobil (XOM) Q2 Earnings Lag Estimates

December 1, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

July 27, 2023 | msn.com

Oil States International (OIS) Q2 Earnings and Revenues Miss Estimates

June 20, 2023 | finance.yahoo.com

UD1P.BE - PEDEVCO Corp

June 20, 2023 | benzinga.com

PEDEVCO Chief Executive Officer Trades Company's Stock

June 15, 2023 | msn.com

Energy Focus launches 1-for-7 reverse stock split

June 15, 2023 | msn.com

Pedevco expands footprint in Wyoming D-J Basin's Codell play

June 14, 2023 | finanznachrichten.de

PEDEVCO Corp.: PEDEVCO Announces Expansion into Wyoming D-J Basin Codell Play

June 14, 2023 | finance.yahoo.com

PEDEVCO Announces Expansion into Wyoming D-J Basin Codell Play

May 16, 2023 | msn.com

EF Hutton Reiterates PEDEVCO (PED) Buy Recommendation

May 15, 2023 | finanznachrichten.de

PEDEVCO Corp.: PEDEVCO Announces Q1 2023 Financial Results and Operations Update

May 15, 2023 | finance.yahoo.com

PEDEVCO Announces Q1 2023 Financial Results and Operations Update

April 24, 2023 | finance.yahoo.com

PEDEVCO To Host One-On-One Meetings at the Inaugural EF Hutton Global Conference on May 10, 2023

April 12, 2023 | finanznachrichten.de

PEDEVCO Corp.: PEDEVCO To Participate and Present at EnerCom Dallas - The Energy Investment and ESG Conference on April 18-19, 2023

April 12, 2023 | finance.yahoo.com

PEDEVCO To Participate and Present at EnerCom Dallas – The Energy Investment and ESG Conference on April 18–19, 2023

March 29, 2023 | finance.yahoo.com

PEDEVCO Announces 2022 Financial Results and Operations Update

March 6, 2023 | finance.yahoo.com

PEDEVCO To Participate In The 35th Annual Roth Conference

November 22, 2022 | seekingalpha.com

The Prognosis For Pedevco Corp.

November 15, 2022 | finance.yahoo.com

Pedevco Corp. (PED) Q3 Earnings and Revenues Miss Estimates

November 14, 2022 | finance.yahoo.com

PEDEVCO Announces Q3 2022 Financial Results and Operations Update

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.

Company Calendar

Last Earnings: 11/09/2023
Today: 11/30/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: NYSEAMERICAN:PED
CUSIP: N/A
CIK: N/A
Web: www.pacificenergydevelopment.com
Phone: (713) 221-1768
Fax: 925-403-0703
Employees: 14
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.40
High Stock Price Target: $2.40
Low Stock Price Target: $2.40
Potential Upside/Downside: +191.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.03
Trailing P/E Ratio: 27.41
Forward P/E Ratio: 6.85
P/E Growth: N/A
Net Income: $2.84 million
Net Margins: 11.32%
Pretax Margin: 11.32%
Return on Equity: 3.71%
Return on Assets: 3.35%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.66
Quick Ratio: 4.65

Sales & Book Value

Annual Sales: $30.03 million
Price / Sales: 2.38
Cash Flow: $0.14 per share
Price / Cash Flow: 6.05
Book Value: $1.13 per share
Price / Book: 0.73

Miscellaneous

Outstanding Shares: 87,040,000
Free Float: 25,155,000
Market Cap: $71.56 million
Optionable: Not Optionable
Beta: 1.32

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for December 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Dr. Simon Gregory Kukes (Age 76)
CEO & Director
Mr. John Douglas Schick (Age 47)
President
Comp: $394.15k
Mr. Paul Anthony Pinkston (Age 56)
Chief Accounting Officer
Comp: $194.33k
Mr. Clark R. Moore (Age 50)
Executive VP, General Counsel & Secretary
Comp: $385.8k

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

PED Stock Analysis - 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 target for 2024?: 1 Wall Street research analysts have issued 12 month price targets for PEDEVCO's stock. Their PED share price targets range from $2.40 to $2.40. On average, they anticipate the company's stock price to reach $2.40 in the next twelve months. This suggests a possible upside of 191.9% 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 the year. Since then, PED shares have decreased by 23.2% and is now trading at $0.8221.
View the best growth stocks for 2023 here.
Are investors shorting PEDEVCO?: PEDEVCO saw a drop in short interest in November. As of November 15th, there was short interest totaling 13,600 shares, a drop of 78.0% from the October 31st total of 61,700 shares. Based on an average daily volume of 85,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.
View PEDEVCO's Short Interest.

How were PEDEVCO's earnings last quarter?: PEDEVCO Corp. (NYSEAMERICAN:PED) posted its earnings results on Thursday, November, 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by $0.01. The firm had revenue of $7.33 million for the quarter, compared to the consensus estimate of $7.21 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).
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.

This page (NYSEAMERICAN:PED) was last updated on 12/1/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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