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PEDEVCO Corp New

PEDEVCO Corp New (PED)

0.824699
0.0237
( 2.96% )
Updated: 14:26:52

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Key stats and details

Current Price
0.824699
Bid
-
Ask
-
Volume
52,577
0.78 Day's Range 0.8248
0.61 52 Week Range 1.19
Market Cap
Previous Close
0.801
Open
0.7837
Last Trade
3
@
0.79
Last Trade Time
14:27:56
Financial Volume
$ 42,016
VWAP
0.799124
Average Volume (3m)
113,174
Shares Outstanding
87,250,267
Dividend Yield
-
PE Ratio
25.15
Earnings Per Share (EPS)
0.03
Revenue
30.03M
Net Profit
2.84M

About PEDEVCO Corp New

PEDEVCO Corp is an energy company. It is engaged in the acquisition, exploration, development, and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon-bearing deposits in several formations, including the Niobrara, C... PEDEVCO Corp is an energy company. It is engaged in the acquisition, exploration, development, and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon-bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, J-Sand, and D-Sand. Its principal operating properties are located in the Wattenberg, Wattenberg Extension and Niobrara formation in the D-J Basin. Show more

Sector
Crude Petroleum & Natural Gs
Industry
Business Services, Nec
Headquarters
Houston, Texas, USA
Founded
2003
PEDEVCO Corp New is listed in the Crude Petroleum & Natural Gs sector of the American Stock Exchange with ticker PED. The last closing price for PEDEVCO was $0.80. Over the last year, PEDEVCO shares have traded in a share price range of $ 0.61 to $ 1.19.

PEDEVCO currently has 87,250,267 shares outstanding. The market capitalization of PEDEVCO is $71.55 million. PEDEVCO has a price to earnings ratio (PE ratio) of 25.15.

PED Latest News

Form 8-K - Current report

0001141197false00011411972024-02-052024-02-05iso4217:USDxbrli:sharesiso4217:USDxbrli:shares UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549 FORM 8-K CURRENT...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 4 - Statement of changes in beneficial ownership of securities

SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange...

Form 8-K - Current report

0001141197false00011411972024-01-262024-01-26iso4217:USDxbrli:sharesiso4217:USDxbrli:shares UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549 FORM 8-K CURRENT...

Form 144 - Report of proposed sale of securities

="/Images/box-unchecked.jpg" alt="Checkbox not checked">5000001/25/2024FF* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the...

Form 144 - Report of proposed sale of securities

="/Images/box-unchecked.jpg" alt="Checkbox not checked">3500001/25/2024FF* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.0046990.5730487804880.820.850.72031124560.78103432CS
40.10459914.52562144150.72010.860.651128420.77338515CS
120.0146991.814691358020.810.860.611131740.72348806CS
26-0.175301-17.530111.030.61999270.78832489CS
52-0.048501-5.554397617960.87321.190.611194630.88475843CS
156-0.675301-45.02006666671.52.440.618645621.64319068CS
260-1.665301-66.87955823292.493.50.618172501.6664853CS

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PED Discussion

View Posts
Don Don 1 week ago
Annual report

https://www.accesswire.com/843669/pedevco-announces-2023-financial-results
👍️ 1
81vette 81vette 2 months ago
pps was overbought on sept 14th,now its really oversold,gaining interest on news,thought you might want to look at PED again
👍️0
81vette 81vette 2 months ago
many deals,they growing co. https://finance.yahoo.com/news/evolution-petroleum-pedevco-enter-strategic-104500402.html
👍️0
81vette 81vette 2 months ago
news on this expected also https://finance.yahoo.com/news/pedevco-announces-expansion-wyoming-d-203000303.html
👍️ 1
81vette 81vette 2 months ago
last Q earnings was nov,8th,any day now on next one and year end also,eps up 100%(this year),insiders own 81%,target $2.20,value will get found here,especially if red sea shipping problems continue,oil price will skyrocket as war escalates,china gets 90% of oil from Iran now,new administration USA might start selling oil again,no matter what happens,great potential for PED all things considered
👍️0
81vette 81vette 2 months ago
approval,11 new wells,currently 30m sales,1.5m profiting,extremely more valuable now!!!!
👍️0
Don Don 2 months ago
http://click.accesswire.com/ls/click?upn=9YMTA-2Brz5ZRD5KiqGaoeU2XhvgYUbcAzXAjcw8Tq2JS5Uwq5876J0zdh8GDi8-2FBLXby9s8Q1snFn-2FvRniTsA57T-2BW37Eip3bZeX5aoKQ-2BKH333pMGFO2mBSe-2BTt2Q1KWOBr4oFz5nX4T6Bd9SsJt4HM4h2iHl7L87O9JTDWxAcjeouJ87WGmqZGWe1nDyWl52UFH_GABHyTAPyxsyR9aMah7lkt6dR2VViB2PO4sekx9HEhla9OlnllC5VxSNUcj2Lwwo9LCiUkUtyhFNgBdNf6ITG5DKd2dd96NUkflTFGQ-2BYa0jmYC4CfyqOg33rJ6yPwjzsSN8WnRu1HAZ-2FPx7ke5uFZRSSU766HJxIJSFYQSQGH0az0Tlv6uK6nS-2BpDRck7biIQz-2B5RqzKRSqQtSoS2BKYw-3D-3D
👍️0
tigerpac tigerpac 3 months ago
Company in a tough spot right. Crude oil and nat gas prices have been steady since last reporting quarter (even though NG has increased recently). The question is whether to pump or not pump when prices are on the low side. I would expect revenue to be the same or a little light compared to previous quarter. They just need the cash flow right now.

The insider buybacks have stopped. Stock price is at levels 15-25% below those buybacks. Hopefully none of that stock was bought on margin.
👍️0
ttubular ttubular 6 months ago
Maybe he buys the whole company eventually or a BO down the road
👍️0
tdeck tdeck 6 months ago
This thing blows my mind, Q after Q after Q revenues rise, profits rise next 7 wells in CO getting ready to be tapped (PED 18% interest) a new partner for 9 well deal in NM which they already have three permits in hand and the new wells they will start drilling in CO Q1 2024 (PED 70% interest) NG getting ready to start the winter dance, oil rising and Biden and Co doing everything they can to keep the oil price climbing it's ridiculously undervalued. They get a partner to share costs and significantly increase production/drilling in NM 7 new wells with 18% interest will start producing Q4 2023, oil rises $5 a barrel in a week with all knowing it is going to $100 before December and PED rises .05? Then people wonder why Simon is slowly damn near buying the entire company in the market, boggles the mind LOL. I see Simon grabbing another 250-300K shares sooner than later and continuing to do so.

Peace out.
👍️0
RyGuy RyGuy 6 months ago
Nice to see there is now a plan and partnership in place to expand production in their New Mexico Permian Basin acreage.
👍️ 1
Don Don 6 months ago
https://www.accesswire.com/783546/evolution-petroleum-and-pedevco-enter-into-strategic-partnership-to-jointly-develop-pedevcos-chaveroo-field-in-the-permian-basin
👍️ 1
ttubular ttubular 7 months ago
Nice move today so far
👍️0
futrcash futrcash 7 months ago
https://ih.advfn.com/stock-market/AMEX/pedevco-PED/stock-news/91812209/form-10-q-quarterly-report-sections-13-or-15d#i2

bottom line profitable wit production up very significantly but realized prices down year over year

futr

futr
👍️0
RyGuy RyGuy 7 months ago
$PED comparing other companies to Pedevco

4/19/23
Riley Permian acquired New Mexico assets from Pecos Oil & Gas for $330,000,000
https://rextag.com/blog/Riley-Permian-Secures-330-Million-Acquisition-in-Thriving-New-Mexico-A-Strategic-Move-with-Promising-Returns
Purchase: $330,000,000
Acreage: 11,700 net
boe/d: 7,200


$PED
Market Cap: $76.77M
Acreage: 53,700 net
boe/d: 2,006 * Q2 2023 and growing
debt: $ 0
cash: $19,000,000
👍️0
RyGuy RyGuy 7 months ago
$PED In February of this year Permian Resources acquired 4,000 net leasehold acres and 1,100 Boep/d of production for $98 Million.
https://seekingalpha.com/news/3925315-permian-resources-buys-new-mexico-acreage-for-98m-sells-70m-in-properties

In January of this year Ring Energy acquired Stronghold and their 37,000 net acres and 9,100 Boep/d of production for $465 Million.
https://www.ringenergy.com/news-presentations-events/press-releases/detail/180/ring-energy-announces-agreement-to-acquire-strongholds

3/2/23 Riley acquired Pecos
https://pboilandgasmagazine.com/riley-exploration-permian-acquires-oil-gas-assets-in-eddy-county/
$330,000,000 - Acquisition
11,700 - Net Acres
7,200 - Boe/d


$PED
$76.77M - Market Cap!
$19M - Cash!
$0 - Long term debt
53,700 - Leasehold Acres
2,006 - Boe/d Production as of Q2 2023 and growing

PED's $77 Million market cap only values PED at roughly $38K per barrel of production or $1,429 per acre. If you deduct their $19M Cash then PED is only valued at $1,076 per acre.
👍️0
pos_stock_hoarder pos_stock_hoarder 8 months ago


Sorry about the plug typo. I simple meant long and strong.
👍️0
pete807 pete807 8 months ago
Correct bud, and I gave Simon a vote of confidence on the two proxy letters for two accounts, just voted on line. He did not need any extra yes votes, lol. Just the formality. His directors get paid and deserve it. He works for no salary cuz he doesn't need it. He wants to build it to above the radar, and I think he will.

When it ran up to $2.40 in October of 21, I had the sells set high and they filled, so all my shares are essentially free since. I keep a core and flip some when it reaches overbought.

His recent WYO acreage buys are good logic IMO, go where you are welcomed, and let the green energy NM wannabes pound sand, they have plenty of it to play with their toy soldiers in.
👍️ 1
pos_stock_hoarder pos_stock_hoarder 8 months ago
When the "electricity for free" insanity calms down, say this winter, we might see some better valuations.

I'm not knocking finding new ways to power. But we are WAY off from plugging the plug and oil, gas and nuclear.

Hold tight. People will wake up.
👍️ 1
RyGuy RyGuy 8 months ago
$PED is under the radar as a small oil and gas E&P company. Oil is now trading at $84 a barrel, and Pedevco is a profitable company when WTI is approximately $58 and higher.

Maybe the market will start to take notice of Pedevco soon.

https://www.investing.com/commodities/crude-oil
👍️0
RyGuy RyGuy 8 months ago
$PED (Pedevco) is a profitable company with WTI oil around $58 a barrel. WTI finished today at $82.64.
https://www.investing.com/commodities/crude-oil
👍️0
pos_stock_hoarder pos_stock_hoarder 8 months ago
Stop the world. I want to get off!
👍️0
RyGuy RyGuy 8 months ago
The EIA just reported that, American commercial crude oil stockpiles, plunged last week by 17 million barrels. The largest weekly drop in inventory going back more than 40 years.... and oil is down $2...

LOL
👍️0
RyGuy RyGuy 8 months ago
$PED median stock price target $2.28
https://money.cnn.com/quote/forecast/forecast.html?symb=PED#:~:text=PEDEVCO%20Corp%20(NYSE%20American%3APED)&text=The%202%20analysts%20offering%2012,the%20last%20price%20of%200.90
👍️0
RyGuy RyGuy 8 months ago
$PED is a profitable company with oil around $58 a barrel. Currently WTI oil futures are trading at $81.64
https://www.investing.com/commodities/crude-oil
👍️ 2
RyGuy RyGuy 8 months ago
$PED markets perception of Pedevco to compared Epsilon Energy. Epsilon is more natural gas heavy where Pedevco is more oil. But just in terms of Market Cap and Revenues at end of Q-1 March 31st, 2023. The average price for oil for Q1 was $72

1st Qtr Revenues:
$PED - $8,164,000
$EPSN - $9,356,276

Market Cap:
$PED - $79 Million
$EPSN - $131 Million

Come on PED!!!!

https://www.marketscreener.com/quote/stock/PEDEVCO-CORP-34571712/news/EF-Hutton-Assumes-PEDEVCO-at-Buy-With-2-40-Price-Target-44269489/
👍️0
aabot aabot 8 months ago
No clue. The company's numbers look good and they keep expanding production. I figured at some point with this trajectory the price will move up.
👍️ 2
Think1st Think1st 8 months ago
Thank you , so why doesn't stock move up & down , it just doesn't,
I rather buy dividends stock imo
👍️ 1
aabot aabot 8 months ago
I asked their IR (Clark) about a possible dividend back in Jan. He replied "there is nothing to disclose on that front to date, noting the Company has not historically paid dividends as it seeks to develop its reserves and grow production revenue.". I replied back " I take it the main goal for the next couple of years at least is to reinvest and keep building the production capacity" and he confirmed that is the plan unless/until the Board direction changes.
👍️0
Think1st Think1st 8 months ago
Thoughts on tsly paying huge dividends

With ped your just NOT getting PAID!!!

ceo own a ton and stock hasn't moved in long long time
Jmo thanks for pm
👍️0
tigerpac tigerpac 9 months ago
Company spent 50% of their cash in Q1. At that rate they only have one quarter of cash left and would necessitate a capital raise (although I think they would spread this out over Q2 and Q3).

Oil prices are in a 1 year decline and that trend needs to be broken.
👍️0
Think1st Think1st 9 months ago
You hit it on the head with nat
Regarding ped
When ef Hutton talks
No one listens
Ceo keeps buying with no one listening
He got to pump.it
Jmo
👍️0
pete807 pete807 9 months ago
E.F. Hutton assumes coverage with $2.40 price target
👍️ 1
RyGuy RyGuy 9 months ago
The U.S. Energy Information Administration (EIA) said crude inventories dropped by 9.6 million barrels in the week ended June 23, putting stockpiles down for a second week in a row.

https://www.reuters.com/markets/commodities/oil-ticks-up-drop-us-crude-gasoline-stocks-exceeds-view-2023-06-28/
👍️0
Crazemoney Crazemoney 9 months ago
http://irreach.com/lt.php?c=76399&m=81840&nl=209&s=914ec940822401735f1bb5cf3b5d3043&lid=227902&l=-https--www.aogr.com/magazine/cover-story/treasure-trove-of-targets-giving-permian-independents-ample-development-opportunities
👍️0
Think1st Think1st 9 months ago
Well ceo is smart enough to own half of co ..and moving to where the oil action is

Check out reii
News from New Zealand
You got to diversify
Send me your thoughts
👍️0
tigerpac tigerpac 9 months ago
Sure hope he is buying shares with cash and not margin and using his prior shares as collateral …….
👍️0
RyGuy RyGuy 9 months ago
$PED Crude oil inventories in the United States dropped this week by 1.246 million barrels, that included another release of 1.7 million barrels this week from the SPR. Without the SPR sale, that is a potential 3 million barrel drop in inventories.

But oil drops $4 from where is was right before the numbers were released. LOL

Something gotta give...
👍️0
RyGuy RyGuy 9 months ago
$PED Feel free to add to the shareholder tracker if you wish. Just curious to see how much of the float is held.

https://docs.google.com/spreadsheets/d/1N0CKiKVoegOuBhwuDnfQ3Qi3KV3pYlxtK9GszffOau4/edit?usp=sharing
👍️0
pete807 pete807 9 months ago
Just now out of the truck's 7 hour run from the northern border. Lake of the Woods 40 miles into Canada.

Regarding Simon, I believe he is in great health, and loves what he does. Takes no salary!
PED has no debt and lives within its means.

Think "Legacy" as the SK Trust has the bulk and will run on his plan when he is gone as the core with perhaps royalties from his many patents tied to PED's unique methods of building energy production from his economy of scale formula. He is a wise man in total control, and never puts out fluff PR's to advertise. He lets the numbers speak, and his people do what they do best. I would wager he has well trained his people and trusts them completely.

-some background:
Dr. Simon Kukes has publish more than 60 scientific papers and two books on the oil and gas industry of Russia and the United States. He is also the holder of more than 130 patents, primarily in Oil and Petrochemical Processing.
👍️0
RyGuy RyGuy 9 months ago
Kukes acquired Pedevco in June 2018 if I remember correctly... I would think Covid put a hamper on many business plans of 2 years with crazy swings of oil market prices.

So what realistically 3 years into the business plan... Production is continuing to grow...

I am only speculating because of Simon's age... I mean does anyone really think he wants to continue working and growing businesses into his 80's and 90's. I don't know maybe he does.

Again I'm only speculating. Pete may be absolutely right and he wants to continue growing the business larger.
👍️0
ttubular ttubular 9 months ago
So what year are we in?
👍️0
RyGuy RyGuy 9 months ago
Simon Kukes is I believe 76 or 77? Do you really think he is in this for the long term? My personal thought was a probable 5 to 6 yr plan that Covid may have a extended slightly...
👍️0
Think1st Think1st 9 months ago
Hi.i was buying ped ,however with all his buying the stock failed to hold the dollar mark
Why is the question? Ceo relentlessly buys and stock falls, why aren't funds buying into it, zero debt ,lots of profits any explanation
👍️0
pete807 pete807 9 months ago
His stated goal is to build an energy industry giant and his private trust fund owns the lion's share of his position, so no, a sell is NOT logical, and taking it private would give too much profit in taxes too an unfriendly government. His recent purchase in a more friendly Wyoming makes perfect sense. He does not need the New Mexico counter energy nut cases, trying to stop his unique patented methods, which should align with an energy hungry planet, and their state's need for capital to advance their agenda.

JMO,
-pete
👍️0
ttubular ttubular 9 months ago
I agree but kukes keeps buying in the open market maybe he will take it private
👍️0
RyGuy RyGuy 9 months ago
Grow the company for an eventual sale would be my guess.

Wouldn't most think that is the eventual end game goal?
👍️0
RyGuy RyGuy 9 months ago
$PED most small cap investors love it when company management spends their own money to align their interests with those of regular shareholders. CEO Simon Kukes has been spending millions of dollars to pick up shares of Pedevco. But Pedevco still remains an unknown..

http://openinsider.com/screener?s=PED&o=&pl=&ph=&ll=&lh=&fd=730&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&istenpercent=1&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=100&page=1


PEDEVCO
85,790,267 - O/S
51,791,325 - Simon Kukes Trust 60.37%
7, 021,950 - Simon Kukes Direct 8.19%
24,919,324 - Float

$0 - Debt
$8,164,000 - Qtrly Revenues and growing
55,000 - Acres combined in Permian and D-J Basin

https://docs.google.com/spreadsheets/d/1N0CKiKVoegOuBhwuDnfQ3Qi3KV3pYlxtK9GszffOau4/edit?usp=sharing
$HUSA $INDO $REI
👍️0
ttubular ttubular 9 months ago
What is kukes end game?
👍️0
RyGuy RyGuy 9 months ago
$PED announces expansion into Wyoming D-J Basin by adding 4,000 additional net acres.

https://finance.yahoo.com/news/pedevco-announces-expansion-wyoming-d-203000303.html
👍️0

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