PEDEVCO Stock (AMEX:PED), Trade Ideas

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.

Long Ideas

News

Penny Stocks

Small Cap

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

AVTX

LXRX

The Dow Jones closed lower by over 200 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Lexicon Pharmaceuticals And 2 Other Stocks Under $5 Insiders Are Aggressively Buying

ATHA

BODY

The Dow Jones closed lower by nearly 350 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Beachbody, Athira Pharma And This Penny Stock Insiders Are Aggressively Buying

INAB

VRME

The Dow Jones dipped by more than 450 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

PEDEVCO, VerifyMe And 2 Other Stocks Under $2 Insiders Are Aggressively Buying

PEDEVCO Corp

PEOPLES EDUCATIONAL HLDGS by Peoples Educational Holdings, Inc.

Peoples Educational Holdings Inc

Pediatrix Medical Group, Inc. Common Stock

Pediatrix Medical Group Inc

Pedro’s List Inc

<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

Earnings

Commodities

General

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

<p><strong>PEDEVCO</strong> (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.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>PEDEVCO missed estimated earnings by -100.0%, reporting an EPS of $0.0 versus an estimate of $0.01.</p>
<p>Revenue was up $817 thousand from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>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.</p>

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


Recap: PEDEVCO Q4 Earnings

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

<p>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.</p>


Price Target

Reiteration

Analyst Ratings

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

<p>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.</p>


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

<p>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.</p>


Earnings Beats

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

<p>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.</p>


Initiation

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

<p><strong>SIMON KUKES</strong>, Chief Executive Officer at <strong>PEDEVCO</strong> (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. </p>
<p><strong>What Happened:</strong> 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. </p>
<p><strong>PEDEVCO</strong> shares are trading down 3.16% at $0.92 at the time of this writing on Tuesday morning.</p>
<p><a href="https://www.schwab.com/brokerage?aff=XEC"><em>Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</em></a></p>
<h3>Why Insider Transactions Are Important</h3>
<p>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. </p>
<p>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.</p>
<p>When a company insider makes a new purchase, that is an indication that they expect the stock to rise.</p>
<p>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.  </p>
<h3>Important Transaction Codes</h3>
<p><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  <strong>P</strong> in Box 3 indicates a purchase, while  <strong>S</strong> indicates a sale. Transaction code <strong>C</strong> indicates the conversion of an option, and transaction code <strong>A</strong> 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.</p>
<p><a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001141197"><strong>Check Out The Full List Of PEDEVCO's Insider Trades.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


PEDEVCO Chief Executive Officer Trades Company's Stock

<p>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.</p>


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

<p>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.</p>


PEDEVCO Q1 EPS $0.02 Beats $0.01 Estimate

PEDEVCO Corp Clocks 89% YoY Revenue Growth In FY22 To $30M

<p>Pedevco Corp. Common Stock (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.01 per share.  The company reported $7.47 million in sales this quarter. This is a 83.63 percent increase over sales of $4.07 million the same period last year.</p>


Pedevco Corp. Common Stock Q3 EPS $0.01, Sales $7.47M Up From $4.07M YoY

<p>Pedevco (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.04 per share.  The company reported $9.55 million in sales this quarter. This is a 155.27 percent increase over sales of $3.74 million the same period last year.</p>


Pedevco Q2 EPS $0.04, Sales $9.55M Up From $3.74M YoY

<p>Pedevco (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.02 per share. This is a 300 percent increase over losses of $(0.01) per share from the same period last year.  The company reported $7.09 million in sales this quarter. This is a 100.79 percent increase over sales of $3.53 million the same period last year.</p>


Pedevco Q1 EPS $0.02 Up From $(0.01) YoY, Sales $7.09M Up From $3.53M YoY

Pedevco (PED) has released an update. PEDEVCO Corp. has announced the green light from the Colorado Energy and Carbon Management Commission for its...

Pedevco D-J Basin Project Gets Colorado Commission Approval

Riley Exploration Permian: A Well-Timed Leap At Profitability

PEDEVCO GAAP EPS of $0.00, revenue of $30.78M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>PEDEVCO</strong> (NYSEMKT:<span><a href="https://investorplace.com/stock-quotes/ped-stock-quote/"><strong>PED</strong></a></span>) just reported results for the fourth quarter of 2023.</p><ul><li>The company did not report any EPS for the quarter.</li><li>The company reported revenue of $6.74 million.</li><li>This was 6.01% better than the analyst estimate for revenue of $6.36 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	<p>The post <a href="https://investorplace.com/earning-results/2024/03/ped-stock-earnings-pedevco-for-q4-of-2023/">PED Stock Earnings: PEDEVCO Beats Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

PED Stock Earnings: PEDEVCO Beats Revenue for Q4 2023

Monday, March 18, 2024 - Pedevco Corp (PED) reported downside earnings and upside revenues.Analyst expectations for Pedevco Corp earnings per share (EPS) were at $0.01, with the company missing those estimates with a reported EPS loss of $0.00 per share, leading to a negative surprise of $0.01 per share. Pedevco Corp's ear

Pedevco Corp Up 1.38% To $0.80 After Earnings Miss

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

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Are you looking for $1 stocks? Well, you&rsquo;ve come to the right place. This article focuses on three promising stocks priced at around $1 apiece. Although $1 <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> can be risky, careful due diligence paired with sound portfolio allocation generally leads to scintillating returns.</p>



<p>Methodologically, I started by looking at companies that I&rsquo;m familiar with. I then examined their updated fundamentals while observing a few quantitative metrics to ensure market-based alignment. Lastly, I applied a rules-based technical screening process to phase out overbought or short-seller-targeted stocks.</p>



<p>An honest research study admits to its limitations. In this instance, I admit the following limitation: my picks are exceptionally risky. However, their key variables suggest they are poised for upside movement. Here is a breakdown of each stock.</p>



<h2>Platinum Group Metals (PLG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/platinum-1600-300x169.png" alt="A close-up photo of a platinum bar."><div>Source: corlaffra / Shutterstock.com</div></div><p><strong>Platinum Group Metals</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/plg-stock-quote/" target="_blank"><strong>PLG</strong></a>) is a precious metals exploration firm. The company&rsquo;s primary project is the Waterberg mine in Namibia, which has yet to deliver revenue. However, preliminary studies suggest that Waterberg is a force to be reckoned with.</p>



<p>Many market participants are concerned by Waterberg&rsquo;s substantial cost outlay, which partially explains why PLG stock has shed more than&nbsp;90%&nbsp;of its market value since its inception. The mine remains in pre-construction and a capital expenditure cycle of around&nbsp;<a href="https://www.engineeringnews.co.za/print-version/waterberg-platinum-group-metals-pgms-project-south-africa-update-2023-09-01" target="_blank">$874 million</a>&nbsp;is expected, clearly communicating the risks involved for shareholders. However, Waterberg is estimated to deliver an after-tax internal rate of return of 20.7% with a mine life of more than&nbsp;<a href="https://miningdataonline.com/property/1935/Waterberg-Project.aspx#:~:text=Major%20Mines%20%26%20Projects%20%7C%20Waterberg%20Project&amp;text=The%20Waterberg%20Project%20is%20planned,%2C%202022%2C%20Waterberg%20JV%20Co." target="_blank">40 years</a>. Moreover, Waterberg is set for substantial profit margins due to the region&rsquo;s high-quality minerals and skilled labor force.</p>



<p>It&rsquo;s impossible to value Platinum Group Metals at this time, but something tells me that PLG stock will surge once the miner reaches commercial production. Additionally, Platinum Group Metals is partially owned by a platinum powerhouse called <strong>Impala Platinum</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/impuy-stock-quote/"><strong>IMPUY</strong></a></span>), allowing it sustainable access to capital.</p>



<p>PLG stock trades around $1.3 per share. Don&rsquo;t underestimate this PGM penny stock!</p>



<h2>i-80 Gold (IAUX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/costco-gold-bars1600-300x169.png" alt="Gold bars and Financial concept, studio shots. Costco's gold bars, cost stock"><div>Source: Misunseo / Shutterstock.com</div></div><p><strong>i-80 Gold</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/iaux-stock-quote/" target="_blank"><strong>IAUX</strong></a>) is a Nevada-based gold mining company. Although it is a revenue-generating firm, its mine development journey is at an early stage. i-80 is leveraging a skilled management team to build numerous open-cast and underground mines in the highly lucrative Nevada region.</p>



<p>Gold spot prices have surged by nearly <a href="https://investorplace.com/stock-quotes/iaux-stock-quote/">20% year-over-year</a>, handing i-80&rsquo;s income statement a helping hand. Nevertheless, i-80 Gold&rsquo;s fourth-quarter results illustrate robust internal operations. The miner&rsquo;s revenue grew by about 1.22x year-over-year, reaching&nbsp;<a href="https://seekingalpha.com/pr/19653174-iminus-80-gold-reports-q4-and-full-year-2023-operating-results" target="_blank">$19 million</a>.</p>



<p>Although i-80 delivered scintillating fourth-quarter revenue, it slumped to an earnings per share loss of 7 cents. However, as previously mentioned, i-80 is scaling up its operations, so I&rsquo;m not concerned about its bottom line at this stage.</p>



<p>Mining investors usually emphasize a stock&rsquo;s price-to-book ratio as a resource firm&rsquo;s asset base is easy to measure, meaning IAUX stock is well-aligned as it sports a price-to-book ratio of merely&nbsp;<a href="https://seekingalpha.com/symbol/IAUX/valuation/metrics" target="_blank">0.88x</a>. Moreover, IAUX recently ticked above its&nbsp;<a href="https://seekingalpha.com/symbol/IAUX/momentum/performance" target="_blank">10-day moving average</a>, suggesting a momentum trend is en route.</p>



<p>The question now becomes: Is IAUX a buy? Priced at around $1.25 per share means it won&rsquo;t break the bank. Additionally, IAUX has robust fundamentals and quality quantitative metrics. I&rsquo;m bullish here!</p>



<h2>PEDEVCO (PED)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/oil1600h-300x169.jpg" alt="miniature oil barrel and oil well figures on top of stack of money"><div>Source: Shutterstock</div></div><p>If you&rsquo;re looking for a speculative oil and gas stock, this is probably it.</p>



<p><strong>PEDEVCO&rsquo;s</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ped-stock-quote/"><strong>PED</strong></a></span>) latest full-year results suggest it has a revenue base of&nbsp;<a href="https://seekingalpha.com/news/4080367-pedevco-gaap-eps-of-0_00-revenue-of-30_78m" target="_blank">$30.8 million</a>. Most of PEDEVCO&rsquo;s income derives from its operations in the Permian and Denver-Julesburg Basins, where it applies advanced technology to maximize productivity. Moreover, PEDEVCO&rsquo;s production is increasing at scale as the firm delivered 1,427 barrels of oil equivalent per day in 2023, a&nbsp;<a href="https://seekingalpha.com/pr/19657539-pedevco-announces-2023-financial-results">43%&nbsp;increase</a> from its previous financial year.</p>



<p>Oil and Gas prices have recovered in recent months. For example, crude oil futures have ticked up by <a href="https://seekingalpha.com/symbol/CL1:COM">nearly&nbsp;15%</a>&nbsp;since the turn of the year, driven by short supplies and a northern winter. Although winter has ended, global geopolitical risk could dent the oil and gas supply outlook, handing relevant commodity prices a boost. Moreover, a softening labor market paired with a drop in broad-based inflation provides PEDEVCO input cost advantages going forward.</p>



<p>In essence, I think PEDEVCO has numerous tailwinds. Additionally, PED stock has a stunning price-to-book ratio of only&nbsp;<a target="_blank" href="https://seekingalpha.com/symbol/PED/valuation/metrics">0.91x</a>. As such, I consider this stock relatively undervalued.</p>



<p><em>On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a></em>.</p>
<div><p>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for institutional equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve has passed all CFA Levels and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace form an interesting juxtaposition between mainstream opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/04/what-is-the-best-1-stock-to-buy-in-april-3-top-picks/">What Is the Best $1 Stock to Buy in April? 3 Top Picks.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>