PEDEVCO Corp. (NYSE:PED - Free Report) - Research analysts at Roth Capital lowered their Q3 2024 EPS estimates for PEDEVCO in a research report issued to clients and investors on Tuesday, October 22nd. Roth Capital analyst J. White now forecasts that the company will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.03. The consensus estimate for PEDEVCO's current full-year earnings is $0.08 per share. Roth Capital also issued estimates for PEDEVCO's FY2024 earnings at $0.06 EPS, Q4 2025 earnings at $0.02 EPS and FY2025 earnings at $0.07 EPS.
Other equities research analysts also recently issued reports about the stock. StockNews.com initiated coverage on shares of PEDEVCO in a research note on Friday, October 18th. They set a "sell" rating on the stock. Alliance Global Partners began coverage on PEDEVCO in a research note on Wednesday, July 17th. They issued a "buy" rating and a $1.75 price objective for the company.
Read Our Latest Stock Analysis on PEDEVCO
PEDEVCO Price Performance
PED traded down $0.03 during trading on Thursday, hitting $0.93. The stock had a trading volume of 138,035 shares, compared to its average volume of 100,262. PEDEVCO has a one year low of $0.61 and a one year high of $1.10. The firm has a market cap of $82.66 million, a price-to-earnings ratio of 92.51 and a beta of 0.58. The company has a 50 day moving average price of $0.92 and a 200-day moving average price of $0.93.
PEDEVCO (NYSE:PED - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. The business had revenue of $11.81 million for the quarter, compared to analyst estimates of $9.05 million. PEDEVCO had a net margin of 1.12% and a return on equity of 0.38%.
About PEDEVCO
(
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PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.
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