NYSEAMERICAN:PED

PEDEVCO (PED) Stock Forecast, Price & News

$1.01

+0.01 (+1.00%)

(As of 09/29/2023 ET)

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Today's Range: $0.99
▼
$1.03
50-Day Range: $0.86
▼
$1.08
52-Week Range: $0.80
▼
$1.31

Volume: 79,951 shs
Average Volume: 147,085 shs
Market Capitalization: $87.91 million

P/E Ratio: 33.68
Dividend Yield: N/A
Price Target: $2.40

Profile Analyst Ratings Chart Competitors Earnings Insider Trades Headlines Short Interest Social Media

PEDEVCO MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 137.6% Upside
$2.40 Price Target
Short Interest: Healthy
0.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.50
Based on 2 Articles This Week
Insider Trading: Selling Shares
$36,800 Sold Last Quarter
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.

2.29 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 137.6% from its current price of $1.01.
Amount of Analyst Coverage
PEDEVCO has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.71% 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 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in PEDEVCO has recently increased by 403.15%, indicating that investor sentiment is decreasing 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.

0.8

News and Social Media Coverage

News Sentiment
PEDEVCO 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 Week
MarketBeat has tracked 2 news articles for PEDEVCO this week, compared to 0 articles on an average week.
Search Interest
Only 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.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 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 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. Sector
The 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 Ratio
PEDEVCO 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.

See Top Rated MarketRank™ Stocks Here

About PEDEVCO (NYSEAMERICAN:PED) Stock

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 Price History

30 days | 90 days | 365 days | Advanced Chart

PED Stock News Headlines

September 27, 2023 | americanbankingnews.com

PEDEVCO (NYSEAMERICAN:PED) Earns Hold Rating from Analysts at StockNews.com

September 21, 2023 | americanbankingnews.com

StockNews.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 US

September 17, 2023 | finance.yahoo.com

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

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

October 1, 2023 | Behind the Markets (Ad)

Buy THIS stock before Taiwan is attacked

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

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.

See More Headlines

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PED Company Calendar

Last Earnings: 8/15/2023
Today: 10/01/2023
Fiscal Year End: 12/31/2023

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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 Forecast: $2.40
High Stock Price Forecast: $2.40
Low Stock Price Forecast: $2.40
Forecasted Upside/Downside: +137.6%
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: 33.68
Forward P/E Ratio: 8.42
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: 2.93
Cash Flow: $0.17 per share
Price / Cash Flow: 6.05
Book Value: $1.13 per share
Price / Book: 0.89

Miscellaneous

Outstanding Shares: 87,040,000
Free Float: 25,155,000
Market Cap: $87.91 million
Optionable: Not Optionable
Beta: 1.32

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Key Executives

Dr. Simon Gregory Kukes (Age 76)
CEO & Director

Mr. John Douglas Schick (Age 47)
Pres
Comp: $394.15k

Mr. Paul Anthony Pinkston (Age 56)
Chief Accounting Officer
Comp: $194.33k

Mr. Clark R. Moore (Age 50)
Exec. VP, Gen. Counsel & Sec.
Comp: $385.8k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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