PEDEVCO (PED) Stock Forecast, Price & News

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.

1 Wall Street analysts have issued 1 year price targets for PEDEVCO's shares. Their PED share price forecasts range from $2.40 to $2.40. On average, they expect 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.

PEDEVCO's stock was trading at $1.07 on January 1st, 2023. Since then, PED stock has decreased by 5.6% and is now trading at $1.01.
View the best growth stocks for 2023 here.

PEDEVCO saw a increase in short interest in the month of 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 daily trading volume, of 103,500 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are short sold.
View PEDEVCO's Short Interest.

PEDEVCO Corp. (NYSEAMERICAN:PED) issued its quarterly earnings results on Tuesday, August, 15th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company earned $10.91 million during the quarter, compared to analyst estimates of $9.48 million. PEDEVCO had a trailing twelve-month return on equity of 3.71% and a net margin of 11.32%.

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).

PEDEVCO trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "PED."

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.
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One share of PED stock can currently be purchased for approximately $1.01.

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.

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.