Pedevco (PED) Stock Price, News & Analysis

Company Overview

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license. Through these assets, Pedevco engages in well drilling, completions, workovers and production operations, utilizing modern offshore fixed platforms for oil and natural gas extraction. The firm’s technical team applies reservoir management and production optimization practices to sustain and enhance field output, focusing on cost-effective development strategies and maintaining high standards of operational safety and environmental performance.

Pedevco’s operational footprint is supported by its headquarters in Houston, Texas, complemented by field offices and local partnerships in Port of Spain, Trinidad. The company works in close coordination with regulatory agencies, service providers and community stakeholders to manage its exploration and production activities. Led by a management team with extensive experience in oil and gas development, Pedevco continues to evaluate additional exploration prospects and potential acquisitions aimed at bolstering its reserve base and long-term production growth.

Key Stats

• Today's Range: $13.54 to $14.13
• 50-Day Range: $11.76 to $18.18
• 52-Week Range: $8.64 to $18.89
• Volume: 25,141 shs
• Average Volume: 22,634 shs
• Market Capitalization: $185.93 million
• P/E Ratio: 6.35
• Dividend Yield: N/A
• Price Target: $30.00
• Consensus Rating: Buy

Pedevco Stock Analysis - MarketRank™

Pedevco scored higher than 71% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Pedevco has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 strong buy rating, 1 buy rating, 1 hold rating, and no sell ratings.

Upside Potential

Pedevco has a consensus price target of $30.00, representing about 114.6% upside from its current price of $13.98.

Amount of Analyst Coverage

Pedevco has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 11.11%

Earnings Growth

Earnings for Pedevco are expected to grow by 11.11% in the coming year, from $1.35 to $1.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Pedevco is 6.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 43.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Pedevco is 6.35, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 16.73.

Price to Book Value per Share Ratio

Pedevco has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.83% 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 0.94, 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 4.34%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Pedevco does not currently pay a dividend.

Dividend Growth

Pedevco does not have a long track record of dividend growth.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article 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

Only 1 people have added Pedevco to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Pedevco insiders have not sold or bought any company stock.

Percentage Held by Insiders

70.40% 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

3.26% of the stock of Pedevco is held by institutions.

Company Calendar

• Last Earnings: 8/14/2024
• Today: 5/09/2026
• Next Earnings (Estimated): 5/14/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSEAMERICAN
• Sector: Energy
• Industry: OIL FLD MCH&EQP
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSEAMERICAN:PED
• Previous Symbol: NYSE:PED
• CIK: 1141197
• Web: www.pacificenergydevelopment.com
• Phone: (713) 221-1768
• Fax: 925-403-0703
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Pedevco: $30.00
• High Price Target: $30.00
• Low Price Target: $30.00
• Potential Upside/Downside: +114.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.03
• Trailing P/E Ratio: 6.35
• Forward P/E Ratio: 10.36
• P/E Growth: N/A
• Net Income: -$10.36 million
• Net Margins: -22.65%
• Pretax Margin: -5.04%
• Return on Equity: -7.56%
• Return on Assets: -5.22%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 0.59
• Quick Ratio: 0.58

Sales & Book Value

• Annual Sales: $45.75 million
• Price / Sales: 4.06
• Cash Flow: $1.67 per share
• Price / Cash Flow: 8.35
• Book Value: $39.68 per share
• Price / Book: 0.35

Miscellaneous

• Outstanding Shares: 13,300,000
• Free Float: 3,937,000
• Market Cap: $185.93 million
• Optionable: Not Optionable
• Beta: 0.27