PEDEVCO Corp's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 43 out of 118 in the Oil & Gas industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 18.00.In the medium term, the stock price is expected to trend up.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
PEDEVCO Corp's Score
Industry at a Glance
Industry Ranking
43 / 118
Overall Ranking
145 / 4482
Industry
Oil & Gas
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
PEDEVCO Corp Highlights
StrengthsRisks
PEDEVCO Corp. is an energy company engaged in the acquisition and development of energy projects in the United States. The Company is a Rockies-focused operator with over 328,000 net acres. The Company's principal assets are its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado and Southeastern Wyoming, and its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico. The Company owns substantial oil-weighted producing assets and significant leasehold interests with future drilling inventory located in the Northern DJ and Powder River Basins. It has approximately 14,105 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico. It has approximately 17,830 net D-J Basin acres located in Weld and Morgan Counties, Colorado, and Laramie County, Wyoming, through its wholly owned subsidiary, PRH Holdings LLC, and which are operated by its wholly owned operating subsidiary, Red Hawk Petroleum, LLC.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 48.62% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 45.75M.
Turnaround to Loss
The company's performance has turned to a loss, with the latest annual loss of USD .
Overvalued
The company’s latest PB is 1.13, at a high 3-year percentile range.
Institutional Buying
The latest institutional holdings are 7.07M shares, increasing 49.53% quarter-over-quarter.
PEDEVCO Corp. is an energy company engaged in the acquisition and development of energy projects in the United States. The Company is a Rockies-focused operator with over 328,000 net acres. The Company's principal assets are its D-J Basin Asset located in the D-J Basin in Weld and Morgan Counties, Colorado and Southeastern Wyoming, and its San Andres Asset located in the Northwest Shelf of the Permian Basin in eastern New Mexico. The Company owns substantial oil-weighted producing assets and significant leasehold interests with future drilling inventory located in the Northern DJ and Powder River Basins. It has approximately 14,105 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico. It has approximately 17,830 net D-J Basin acres located in Weld and Morgan Counties, Colorado, and Laramie County, Wyoming, through its wholly owned subsidiary, PRH Holdings LLC, and which are operated by its wholly owned operating subsidiary, Red Hawk Petroleum, LLC.