PEDEVCO

PEDEVCO Corp. engages in the acquisition, exploration, and development of oil and natural gas assets. It focuses on the operation of Permian and Denver-Julesberg Basins. The company was founded by Frank C. Ingriselli in September 2000 and is headquartered in Houston, TX.

Earnings data Q4 2020

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PEDEVCO Corp. is an exploration and production company, which engages in the acquisition and development of oil and natural gas assets. It focuses on the operation of Permian and Denver-Julesberg Basins. The company was founded by Frank C. Ingriselli in September 2000 and is headquartered in Houston, TX.

Pedevco (PED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Pedevco Corp. (PED) Earnings Expected to Grow: What to Know Ahead of Q3 Release

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.

Are Investors Undervaluing Pedevco (PED) Right Now?

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HOUSTON, TX / ACCESSWIRE / October 1, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that it has entered into a five year Participation Agreement ("PA") and Area of Mutual Interest ("AMI") 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 participate in the joint development of approximately 10,750 net acres collectively held by the companies in the SW Pony Prospect located in Weld County, Colorado. The parties have formed an approximately 16,900 gross acre AMI in the prospect, with PEDVCO holding a 30% interest and the Operator holding a 70% interest in the combined acreage.

PEDEVCO Announces Entry into Participation Agreement and Area of Mutual Interest with Large Private Equity-Backed D-J Basin E&P Company

HOUSTON, TX / ACCESSWIRE / September 11, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO" or the "Company") is pleased to announce the successful closing of a new $250 million reserve based lending facility ("RBL" or "Facility") among Citibank, N.A., as administrative agent, and the lenders (including Citibank, N.A.

PEDEVCO Announces Closing of $250 Million Reserve Based Lending Facility with Citibank, N.A.

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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).

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MHO, SMFG and PED made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 4, 2024.

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Is Pedevco (PED) Stock Undervalued Right Now?

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FLIC, MHO, SMFG, PED and UL have been added to the Zacks Rank #1 (Strong Buy) List on September 4, 2024.

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Pedevco Corp. (PED) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago.

Pedevco Corp. (PED) Q2 Earnings Match Estimates

HOUSTON, TX / ACCESSWIRE / August 14, 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 and six months ended June 30, 2024, and provided an operations update. Key Financial and Operational Highlights Include: Produced an average of 2,010 barrels of oil equivalent per day ("BOEPD") (87% liquids) in the three months ended June 30, 2024 ("Q2 2024"), compared to 1,660 BOEPD produced in Q2 2023.

PEDEVCO Announces Q2 2024 Financial Results and Operations Update

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?

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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).

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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

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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

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

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

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

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

Evolution Petroleum

HOUSTON, TX / ACCESSWIRE / September 13, 2023 / Evolution Petroleum Corporation (NYSE American:EPM) ("Evolution") and PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced entry into a definitive Participation Agreement to jointly develop PEDEVCO's Chaveroo oilfield in the Northwest Shelf ("NWS") of southeastern New Mexico, a conventional oil-bearing San Andres field in the Permian Basin located in Chaves and Roosevelt Counties. The Chaveroo field was originally developed with vertical wells on 40-acre spacing.

Evolution Petroleum and PEDEVCO Enter into Strategic Partnership to Jointly Develop PEDEVCO's Chaveroo Field in the Permian Basin

HOUSTON, TX / ACCESSWIRE / August 14, 2023 / 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 six months ended June 30, 2023 and provided an operations update. Key Highlights Include: Produced an average of approximately 2,006 barrels of oil equivalent per day ("BOEPD") (75.5% oil) in the three months ended June 30, 2023 ("Q2 2023"), compared to 1,085 BOEPD produced in the three months ended June 30, 2022 ("Q2 2022").

PEDEVCO Announces Q2 2023 Financial Results and Operations Update

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