PEDEVCO
PED

$1.01

1%

Market Cap: 90.2M

About: PEDEVCO Corp is an oil and gas company focused on the acquisition and development of oil and natural gas assets in modern drilling and completion techniques and technologies have yet to be applied. The company focuses on legacy proved properties where there is a long production history, well-defined geology and existing infrastructure that can be leveraged when applying modern field management technologies. The current properties of the company are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico (the Permian Basin) and in the Denver-Julesberg Basin (D-J Basin) in Colorado and Wyoming.

Employees: 15

Energy Crude Petroleum & Natural Gas

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

75% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 4

1.74% more ownership

Funds ownership: 3.19% [Q4 2023] → 4.94% (+1.74%) [Q1 2024]

8% less funds holding

Funds holding: 26 [Q4 2023] → 24 (-2) [Q1 2024]

13% less capital invested

Capital invested by funds: $2.15M [Q4 2023] → $1.86M (-$284K) [Q1 2024]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$1.75

73%

upside

Avg. target

$2

98%

upside

High target

$2.25

123%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Alliance Global Partners James Molloy	73%upside $1.75	Buy Initiated	17 Jul 2024
EF Hutton Tim Moore	123%upside $2.25	Buy Maintained	16 May 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Is Pedevco (PED) Outperforming Other Oils-Energy Stocks This Year?

Here is how Pedevco Corp. (PED) and Saipem (SAPMF) have performed compared to their sector so far this year.

Is Pedevco (PED) Outperforming Other Oils-Energy Stocks This Year?

Zacks Investment Research

3 Oil & Gas Equipment Stocks to Gain From the Promising Industry

Handsome upstream activities are improving demand for drilling & production equipment, thereby brightening the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry. Some of the frontrunners in the industry are Kodiak Gas Services (KGS), Profire Energy (PFIE), and PEDEVCO (PED).

3 Oil & Gas Equipment Stocks to Gain From the Promising Industry

The Dollar Menu Portfolio: 7 Penny Stocks to Buy With Spare Change

If you have some spare change jingling in your pocket, it might be worth considering investing that money in penny stocks with good upside potential. The penny stocks on this list are each worth less than $1 as of writing, and I believe many of them could be multibaggers if the stars align favorably.

The Dollar Menu Portfolio: 7 Penny Stocks to Buy With Spare Change

PEDEVCO Announces Q1 2024 Financial Results and Operations Update

HOUSTON, TX / ACCESSWIRE / May 15, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the three months ended March 31, 2024 and provided an operations update. Key Financial and Operational Highlights Include: Produced an average of 1,478 barrels of oil equivalent per day ("BOEPD") (84% liquids) in the three months ended March 31, 2024 ("Q1 2024"), compared to 1,428 BOEPD produced in Q1 2023.

PEDEVCO Announces Q1 2024 Financial Results and Operations Update

What Is the Best $1 Stock to Buy in April? 3 Top Picks.

Are you looking for $1 stocks? Well, you've come to the right place.

What Is the Best $1 Stock to Buy in April? 3 Top Picks.

Pedevco Corp.: Speculative, Unhedged, Oily Micro Cap E&P With Upside Potential

Pedevco Corp. is a micro cap E&P company focused on the DJ Basin and Permian, today announcing solid results from their latest 3 well series in the Permian. The company has a clean balance sheet with no debt and cash equating to nearly one-third of enterprise value. Valuation does not appear excessive on a trailing basis nor on one of our Base Cases, but they are under-followed.

Pedevco Corp.: Speculative, Unhedged, Oily Micro Cap E&P With Upside Potential

PEDEVCO Provides Update on New Permian Basin Wells

HOUSTON, TX / ACCESSWIRE / April 17, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today provided an operational update on its three newly drilled and completed horizontal San Andres wells in its Permian Basin Asset as follows: The Company drilled and completed three horizontal San Andres wells in its core Chaveroo Field in the Permian Basin with its strategic partner Evolution Petroleum Corporation. The wells were drilled in Q4 2023 and completed in January 2024, with first production commencing the last week of January 2024 on one well and early February 2024 for the other two wells.

PEDEVCO Provides Update on New Permian Basin Wells

PEDEVCO Announces 2023 Financial Results

HOUSTON, TX / ACCESSWIRE / March 18, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced its financial results for the year ended December 31, 2023. Key Highlights Include: Produced an average of 1,427 barrels of oil equivalent per day ("BOEPD") (74% oil) in 2023, increasing 43% over average daily production in 2022.

PEDEVCO Announces 2023 Financial Results

PEDEVCO to Participate in the 36th Annual ROTH Conference

HOUSTON, TX / ACCESSWIRE / March 11, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that the Company is scheduled to participate in the 36th Annual ROTH Conference to be held at the Ritz Carlton Laguna Nigel located in Dana Point, California on March 17-19, 2024. J. Douglas Schick, President of the Company, will host one-on-one meetings with investors and participate in a panel discussion called "Development Drilling - How to Develop Acreage Within Only One Section," during the Conference.

PEDEVCO to Participate in the 36th Annual ROTH Conference

PEDEVCO Announces Approval of D-J Basin Development Plan for Roth 2-11 Wells and Operations Update

HOUSTON, TX / ACCESSWIRE / February 5, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company"), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today announced that it received approval on January 31, 2024 from the Colorado Energy and Carbon Management Commission (ECMC) of the Company's Roth 2-11 Oil and Gas Development Plan (OGDP), which covers 2,560 acres and up to 11 horizontal Niobrara wells in Weld County, Colorado. The Company plans to commence drilling operations in Q2 2024, with initial production anticipated in the second half of 2024.

PEDEVCO Announces Approval of D-J Basin Development Plan for Roth 2-11 Wells and Operations Update

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