NYSEAMERICAN:PED

PEDEVCO - PED Stock Forecast, Price & News

$1.12

+0.06 (+5.66%)

(As of 10/5/2022 10:57 AM ET)

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Today's Range: $1.10
▼
$1.12
50-Day Range: N/A
52-Week Range: $0.90
▼
$2.44

Volume: 1,538 shs
Average Volume: 860,120 shs
Market Capitalization: $95.82 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.95

PEDEVCO MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 74.1% Upside
$1.95 Price Target
Short Interest: Healthy
0.44% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.04
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$540,964 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.47 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 $1.95, PEDEVCO has a forecasted upside of 74.1% from its current price of $1.12.
Amount of Analyst Coverage
PEDEVCO has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.44% 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 0.3, 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 10.73%, 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.

3.4

News and Social Media Coverage

News Sentiment
PEDEVCO has a news sentiment score of 1.04. 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 0.49 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for PEDEVCO this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for PED on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
1 people have added PEDEVCO to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PEDEVCO insiders have bought 1,554.32% more of their company's stock than they have sold. Specifically, they have bought $540,964.00 in company stock and sold $32,700.00 in company stock.
Percentage Held by Insiders
70.30% 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 7.52% of the stock of PEDEVCO is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of PEDEVCO is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of PEDEVCO is -3.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
PEDEVCO has a P/B Ratio of 1.08. P/B Ratios below 3 indicates that a company is reasonably valued 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. As of December 31, 2021, the company held approximately 32,870 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,580 net Denver-Julesberg (D-J) Basin acres located in Weld and Morgan Counties, Colorado. It had interests in 385 net wells in Permian Basin Asset; and 78 net wells in (D-J) Basin Asset. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.

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PED Stock News Headlines

October 2, 2022 | americanbankingnews.com

PEDEVCO Corp. (NYSEAMERICAN:PED) CEO Simon G. Kukes Purchases 38,742 Shares

September 29, 2022 | americanbankingnews.com

Insider Buying: PEDEVCO Corp. (NYSEAMERICAN:PED) CEO Buys 187,648 Shares of Stock

September 25, 2022 | reuters.com

PED.A - Pedevco Corp | Stock Price & Latest News | Reuters

September 22, 2022 | nasdaq.com

Wednesday 9/21 Insider Buying Report: GBIO, PED - Nasdaq

August 16, 2022 | finance.yahoo.com

Pedevco Corp. (PED) Tops Q2 Earnings and Revenue Estimates

July 6, 2022 | finance.yahoo.com

PEDEVCO Corp. (PED)

June 4, 2022 | seekingalpha.com

PEDEVCO Corp rises 5.22% as CEO bought many shares

June 2, 2022 | uk.investing.com

Insiders Buy Around $2.5M Of 3 Penny Stocks By Benzinga - Investing.com UK

June 1, 2022 | streetinsider.com

Why These 3 Penny Stocks Climbed Today - StreetInsider.com

June 1, 2022 | nasdaq.com

Pedevco Corp. (PED) Moves to Buy: Rationale Behind the Upgrade - Nasdaq

May 31, 2022 | nasdaq.com

Tuesday 5/31 Insider Buying Report: PED, AZO - Nasdaq

May 16, 2022 | seekingalpha.com

PEDEVCO GAAP EPS of $0.02 in-line, revenue of $7.09M beats by $0.46M (NYSE:PED) - Seeking Alpha

May 16, 2022 | finance.yahoo.com

PEDEVCO Announces Q1 2022 Financial Results and Operations Update - Yahoo Finance

May 16, 2022 | finance.yahoo.com

PEDEVCO Announces Q1 2022 Financial Results and Operations Update

May 11, 2022 | nasdaq.com

Riley Exploration Permian, Inc. (REPX) Q2 Earnings Lag Estimates - Nasdaq

May 5, 2022 | nasdaq.com

Now (DNOW) Q1 Earnings and Revenues Surpass Estimates - Nasdaq

April 29, 2022 | nasdaq.com

Oil States International (OIS) Reports Q1 Loss, Tops Revenue Estimates - Nasdaq

March 14, 2022 | nasdaq.com

Crude Slips as COVID-19 Cases Surge in China - Nasdaq

March 12, 2022 | finanznachrichten.de

PEDEVCO Corp.: PEDEVCO Announces 2021 Financial Results and Operations Update

March 12, 2022 | seekingalpha.com

PEDEVCO GAAP EPS of -$0.02 in-line, revenue of $15.86M beats by $0.46M

March 11, 2022 | seekingalpha.com

PEDEVCO GAAP EPS of -$0.02 in-line, revenue of $15.86M beats by $0.46M - Seeking Alpha

March 11, 2022 | finance.yahoo.com

PEDEVCO Announces 2021 Financial Results and Operations Update - Yahoo Finance

March 11, 2022 | finance.yahoo.com

PEDEVCO Announces 2021 Financial Results and Operations Update

March 11, 2022 | seekingalpha.com

Indonesia Energy Corporation Undervalued Due To Oil Price Increases And Drilling In The Kruh Block - Seeking Alpha

March 8, 2022 | benzinga.com

Benzinga Low-Priced, Low-Cap, Low-Float Mining Stocks Amid Rising Prices Podcast - Benzinga

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PED Company Calendar

Last Earnings: 8/15/2022
Today: 10/05/2022
Next Earnings (Estimated): 11/14/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/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: $1.95
High Stock Price Forecast: $1.95
Low Stock Price Forecast: $1.95
Forecasted Upside/Downside: +74.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.31)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-32,690,000.00
Net Margins: -172.08%
Pretax Margin: -172.08%
Return on Equity: -4.68%
Return on Assets: -4.45%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.80
Quick Ratio: 8.80

Sales & Book Value

Annual Sales: $8.06 million
Price / Sales: 11.89
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.04 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 85,550,000
Free Float: 25,010,000
Market Cap: $95.82 million
Optionable: Not Optionable
Beta: 0.96

Key Executives

Dr. Simon Gregory Kukes (Age 75)
CEO & Director

Mr. John Douglas Schick (Age 47)
Pres
Comp: $294.38k

Mr. Paul Anthony Pinkston (Age 55)
Chief Accounting Officer
Comp: $160.98k

Mr. Clark R. Moore (Age 49)
Exec. VP, Gen. Counsel & Sec.
Comp: $301.64k

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 research 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 research 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 2022?: 1 brokerages have issued 12-month price objectives for PEDEVCO's stock. Their PED share price forecasts range from $1.95 to $1.95. On average, they predict the company's stock price to reach $1.95 in the next twelve months. This suggests a possible upside of 84.0% 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 2022?: PEDEVCO's stock was trading at $1.16 on January 1st, 2022. Since then, PED stock has decreased by 8.6% and is now trading at $1.06.
View the best growth stocks for 2022 here.
Are investors shorting PEDEVCO?: PEDEVCO saw a decline in short interest in August. As of August 31st, there was short interest totaling 131,400 shares, a decline of 45.4% from the August 15th total of 240,600 shares. Based on an average daily volume of 532,200 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the company are short sold.
View PEDEVCO's Short Interest.
When is PEDEVCO's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our PED earnings forecast.

How were PEDEVCO's earnings last quarter?: PEDEVCO Corp. (NYSEAMERICAN:PED) released its quarterly earnings data on Monday, August, 15th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. PEDEVCO had a negative trailing twelve-month return on equity of 4.68% and a negative net margin of 172.08%.
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), CEL-SCI (CVM), Energy Transfer (ET), TransEnterix (TRXC), Zosano Pharma (ZSAN), AbbVie (ABBV), Ampio Pharmaceuticals (AMPE), 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 $1.06.
How much money does PEDEVCO make?: PEDEVCO (NYSEAMERICAN:PED) has a market capitalization of $90.68 million and generates $8.06 million in revenue each year. The company earns $-32,690,000.00 in net income (profit) each year or ($0.31) 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 10/5/2022 by MarketBeat.com Staff

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PEDEVCO - PED Stock Forecast, Price & News

PEDEVCO MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows