PEDEVCO (PED) Stock Price, News & Analysis

Company Overview

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. The company is headquartered in Houston, Texas.

Key Stats

• Today's Range: $0.86 to $0.92
• 50-Day Range: $0.87 to $1.02
• 52-Week Range: $0.61 to $1.10
• Volume: 171,731 shs
• Average Volume: 75,728 shs
• Market Capitalization: $78.66 million
• P/E Ratio: 44.07
• Dividend Yield: N/A
• Price Target: $1.75
• Consensus Rating: Buy

PEDEVCO Stock Analysis - MarketRank™

PEDEVCO scored higher than 78% of companies evaluated by MarketBeat, and ranked 90th out of 265 stocks in the oils/energy sector. 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 buy rating, no hold ratings, and no sell ratings.

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: 16.67%

Earnings Growth

Earnings for PEDEVCO are expected to grow by 16.67% in the coming year, from $0.06 to $0.07 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of PEDEVCO is 44.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.14.

Price to Earnings Ratio vs. Sector

The P/E ratio of PEDEVCO is 44.07, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.19.

Price to Book Value per Share Ratio

PEDEVCO has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for PED.

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for PED.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.39

News Sentiment

PEDEVCO has a news sentiment score of 0.39. 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 0.59 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for PEDEVCO this week, compared to 0 articles on an average week.

Search Interest

3 people have searched for PED on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 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

70.60% 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 3.26% of the stock of PEDEVCO is held by institutions.

PED Stock Analysis - Frequently Asked Questions

How have PED shares performed this year?

PEDEVCO's stock was trading at $0.7701 at the start of the year. Since then, PED shares have increased by 14.4% and is now trading at $0.8809.
View the best growth stocks for 2024 here.

How were PEDEVCO's earnings last quarter?

PEDEVCO Corp. (NYSE:PED) issued its earnings results on Wednesday, August, 14th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $11.81 million for the quarter, compared to analysts' expectations of $9.05 million. PEDEVCO had a trailing twelve-month return on equity of 1.60% and a net margin of 6.57%.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of PEDEVCO own?

Based on aggregate information from My MarketBeat watchlists, some other companies that PEDEVCO investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), AST SpaceMobile (ASTS), NIO (NIO), Bakkt (BKKT) and Castor Maritime (CTRM).

Company Calendar

• Last Earnings: 8/14/2024
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NYSE:PED
• CUSIP: N/A
• CIK: 1141197
• Web: www.pedevco.com
• Phone: 713-221-1768
• Fax: 925-403-0703
• Employees: 15
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.75
• High Stock Price Target: $1.75
• Low Stock Price Target: $1.75
• Potential Upside/Downside: +98.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.02
• Trailing P/E Ratio: 44.07
• Forward P/E Ratio: 14.68
• P/E Growth: N/A
• Net Income: $260,000.00
• Net Margins: 6.57%
• Pretax Margin: 1.12%
• Return on Equity: 1.60%
• Return on Assets: 1.39%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.94
• Quick Ratio: 2.94

Sales & Book Value

• Annual Sales: $30.78 million
• Price / Sales: 2.56
• Cash Flow: $0.13 per share
• Price / Cash Flow: 6.84
• Book Value: $1.13 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 89,290,000
• Free Float: 26,250,000
• Market Cap: $78.66 million
• Optionable: Not Optionable
• Beta: 0.60