PEDEVCO
About: PEDEVCO Corp is an oil and gas company focused on oil and natural gas development, exploration, and production. The company focuses on legacy 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: 14
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
0.22% less ownership
Funds ownership: 2.95% [Q4 2024] → 2.73% (-0.22%) [Q1 2025]
7% less funds holding
Funds holding: 28 [Q4 2024] → 26 (-2) [Q1 2025]
17% less capital invested
Capital invested by funds: $2.06M [Q4 2024] → $1.71M (-$344K) [Q1 2025]
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$1.50
98%
upside
Avg. target
$1.50
98%
upside
High target
$1.50
98%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
D. Boral Capital Jesse Sobelson | 98%upside $1.50 | Buy Maintained | 20 May 2025 |
Financial journalist opinion
Neutral
Accesswire
3 weeks ago
PEDEVCO To Participate In The 2025 Louisiana Energy Conference
HOUSTON, TX / ACCESS Newswire / May 23, 2025 / PEDEVCO Corp. (NYSE American:PED) today announced that the Company will be participating in the 2025 Louisiana Energy Conference on Wednesday, May 28th, to be held at the Four Seasons Hotel New Orleans located at 2 Canal St., New Orleans, Louisiana. Mr. Jody Crook, Chief Commercial Officer of the Company, will be participating in a panel discussion called "Small Cap E&Ps See Value Creation in U.S. Basins Beyond the Permian," and will be available along with J.
Neutral
Zacks Investment Research
1 month ago
Pedevco Corp. (PED) Reports Break-Even Earnings for Q1
Pedevco Corp. (PED) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.01 per share a year ago.
Neutral
Accesswire
1 month ago
PEDEVCO Announces Q1 2025 Financial Results and Operations Update
HOUSTON, TX / ACCESS Newswire / May 15, 2025 / 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, 2025 and provided an operations update. Key Financial and Operational Highlights Include: Produced an average of 1,707 barrels of oil equivalent per day ("BOEPD") (82% liquids) in the three months ended March 31, 2025 ("Q1 2025"), compared to 1,478 BOEPD produced in Q1 2024, increasing 15% from Q1 2024.
Positive
Zacks Investment Research
1 month ago
Should Value Investors Buy Pedevco (PED) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Accesswire
2 months ago
PEDEVCO Announces 2024 Financial Results
HOUSTON, TX / ACCESS Newswire / March 31, 2025 / 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, 2024. Key Highlights Include: Produced an average of 1,835 barrels of oil equivalent per day ("BOEPD") (73% oil, 85% liquids) in 2024, increasing 29% over average daily production in 2023.
Neutral
Accesswire
3 months ago
PEDEVCO Provides Permian Basin Operational Update
HOUSTON, TX / ACCESS Newswire / March 11, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") provided an operational update today on the completion of drilling of four gross (two net) new horizontal San Andres wells in its core Chaveroo Field in the Permian Basin. The wells were all drilled on time and under budget.
Neutral
Accesswire
3 months ago
PEDEVCO to Participate in the 37th Annual ROTH Conference
HOUSTON, TX / ACCESS Newswire / March 10, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that the Company is scheduled to participate in the 37th Annual ROTH Conference to be held at the Laguna Cliffs Marriott Resort & Spa located in Dana Point, California on March 16-18, 2025. J. Douglas Schick, President and Chief Executive Officer of the Company, will host one-on-one meetings with investors.
Neutral
Accesswire
3 months ago
PEDEVCO Announces Entry into Joint Development Agreement with Large Private Equity-Backed D-J Basin E&P Company
HOUSTON, TX / ACCESS Newswire / March 3, 2025 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that it has entered into a joint development agreement ("Agreement") with a large, Denver, Colorado-based private equity-backed D-J Basin E&P Company with extensive operational experience ("Operator"), pursuant to which the companies have agreed to jointly participate in the expansion and development of the Company's Roth and Amber DSUs located in Weld County, Colorado. Pursuant to the Agreement, in exchange for the Operator's payment to the Company of approximately $1.7 million, the Company agreed to submit to the Colorado Energy and Carbon Management Commission (the "ECMC") spacing applications to amend the Company's existing Roth and Amber DSUs to increase each of their sizes from ~1,280 acres to ~1,600 acres, transfer operatorship of the DSUs to the Operator, and jointly participate in the development of the Roth DSU with each party having not less than a 40% working interest.
Positive
Zacks Investment Research
3 months ago
3 Oil & Gas Equipment Stocks Set to Gain From a Promising Industry
Handsome upstream activities are boosting the demand for drilling & production equipment, brightening the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry. Some of the frontrunners in the industry are Oil States (OIS), Profire Energy (PFIE), and PEDEVCO (PED).
Neutral
Accesswire
6 months ago
PEDEVCO Announces Appointment of New Chief Executive Officer, New Chief Commercial Officer, and Board of Director Changes
HOUSTON, TX / ACCESSWIRE / December 11, 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., announced today that its Board of Directors has appointed J. Douglas Schick, the Company's current President since August 2018, as the Company's new Chief Executive Officer and a member of the Board, and is expanding its executive management and development team with the hiring of Mr.
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