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PEDEVCO (AMEX:PED) Stock, Option Chain

PEDEVCO

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.

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PEDEVCO Appoints J. Douglas Schick As President And CEO Effective January 1, 2025, Succeeding Dr. Simon G. Kukes, Who Will Transition To Executive Chairman; John Scelfo To Step Down As Chairman Of The Board But Remain As Independent Director And Committee Chair

D. Boral Capital analyst Jesse Sobelson maintains PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and lowers the price target from $2.25 to $1.5.

Price Target

D. Boral Capital Maintains Buy on PEDEVCO, Lowers Price Target to $1.5

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.01 by 200 percent. The company reported quarterly sales of $9.100 million which beat the analyst consensus estimate of $8.859 million by 2.72 percent. This is a 24.15 percent increase over sales of $7.330 million the same period last year.

Earnings Beats

PEDEVCO Q3 2024 GAAP EPS $0.03 Beats $0.01 Estimate, Sales $9.100M Beat $8.859M Estimate

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.02 by 50 percent. This is a 25 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $11.80 million which beat the analyst consensus estimate of $9.68 million by 21.90 percent. This is a 8.16 percent increase over sales of $10.91 million the same period last year.

PEDEVCO Q2 EPS $0.03 Beats $0.02 Estimate, Sales $11.80M Beat $9.68M Estimate

Alliance Global Partners analyst James Molloy initiates coverage on PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy rating and announces Price Target of $1.75.

Initiation

Alliance Global Partners Initiates Coverage On PEDEVCO with Buy Rating, Announces Price Target of $1.75

EF Hutton analyst Tim Moore maintains PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and maintains $2.25 price target.

EF Hutton Maintains Buy on PEDEVCO, Maintains $2.25 Price Target

<ul>
<li>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.</li>
<li>The wells were drilled in&nbsp;Q4&nbsp;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.</li>
<li>All three wells peaked at between approximately 300 to 375 gross barrels of oil equivalent (&quot;BOEPD&quot;) per well (~80%&nbsp;oil) in late February.</li>
<li>The Company is pleased with the early production results, with the wells currently performing in line with expectations, but with shallower, better-than-expected declines which have yielded an average of over 750 BOEPD gross for the last 30 days.</li>
<li>The Company is working with Evolution to plan the next phase of development over the coming months.</li>
</ul>

PEDEVCO Announces Update On Its On Three New Wells In Permian Basin

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PEDEVCO Reported An Average Of 1,427 Barrels Of Oil Equivalent Per Day (74% Oil) In 2023, Increasing 43% Over Average Daily Production In 2022; Reported 2023 Adjusted EBITDA Of $17.5M, Up 8% YoY

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported its Q4 earnings results on Monday, March 18, 2024 at 07:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
PEDEVCO missed estimated earnings by -100.0%, reporting an EPS of $0.0 versus an estimate of $0.01.
Revenue was up $817 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.01 which was followed by a 1.0% drop in the share price the next day.

To track all earnings releases for PEDEVCO <a href="https://www.benzinga.com/quote/PED/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: PEDEVCO Q4 Earnings

PEDEVCO Secures Approval Of D-J Basin Development Plan For Roth 2-11 Wells

EF Hutton analyst Ignacio Bernaldez reiterates PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and maintains $2.5 price target.

Reiteration

EF Hutton Reiterates Buy on PEDEVCO, Maintains $2.5 Price Target

Evolution Petroleum And PEDEVCO Enter Into Strategic Partnership To Jointly Develop PEDEVCO's Chaveroo Field In The Permian Basin

EF Hutton analyst Ignacio Bernaldez maintains PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and lowers the price target from $2.75 to $2.5.

EF Hutton Maintains Buy on PEDEVCO, Lowers Price Target to $2.5

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.04 per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $10.91 million which beat the analyst consensus estimate of $9.50 million by 14.84 percent. This is a 14.28 percent increase over sales of $9.55 million the same period last year.

PEDEVCO Q2 EPS $0.04, Inline, Sales $10.91M Beat $9.50M Estimate

EF Hutton analyst Ignacio Bernaldez assumes PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy rating and announces Price Target of $2.4.

EF Hutton Assumes PEDEVCO at Buy, Announces Price Target of $2.4

SIMON KUKES, Chief Executive Officer at PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>), reported a large insider buy on June 20, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001141197/000165495423008166//Archives/edgar/data/1141197/000165495423008166/0001654954-23-008166-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that KUKES purchased 130,453 shares of PEDEVCO. The total transaction amounted to $116,585. 
PEDEVCO shares are trading down 3.16% at $0.92 at the time of this writing on Tuesday morning.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001141197">Check Out The Full List Of PEDEVCO's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

PEDEVCO Chief Executive Officer Trades Company's Stock

EF Hutton analyst Ignacio Bernaldez reiterates PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and maintains $2.4 price target.

EF Hutton Reiterates Buy on PEDEVCO, Maintains $2.4 Price Target

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. This is unchanged from the same period last year.

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