PED - PEDEVCO Corp.
NYSE American - NYSE American Delayed Price. Currency in USD
+0.0100 (+0.53%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close 1.8700
Open 1.8900
Bid 0.0000 x 800
Ask 1.9500 x 1400
Day's Range 1.8700 - 1.9000
52 Week Range 0.4780 - 3.4300
Avg. Volume 38,025
Market Cap 101.195M
Beta (3Y Monthly) 1.87
PE Ratio (TTM) 0.56
EPS (TTM) 3.3350
Earnings Date Nov 13, 2015 - Nov 16, 2015
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 90.00
Trade prices are not sourced from all markets
GuruFocus.com•19 days ago
Pedevco Corp (PED) CEO Simon G Kukes Bought $157,926 of Shares
CEO of Pedevco Corp (PED) Simon G Kukes bought 77,037 shares of PED on 06/24/2019 at an average price of $2.05 a share.
ACCESSWIRE•last month
PEDEVCO Announces Acquisition of Additional Producing Acreage in the Permian Basin and Updates on New Horizontal San Andres Wells
HOUSTON, TX / ACCESSWIRE / June 13, 2019 / PEDEVCO Corp. (NYSE American: PED) (the "Company") today announced that, effective June 10, 2019, it closed the acquisition of an additional 2,076 net acres in the Permian Basin and approximately 30 gross barrels of oil per day of operated oil production from a private operator. 1,280 acres of the newly acquired asset are contiguous with the Company's Chaveroo field and are offset to the Company's recently drilled Haley Chaveroo SA Unit 305H horizontal well.
InvestorPlace•last month
7 A-Rated Stocks to Buy Under $10
We hear a lot about the major averages on a day-to-day basis. But what we don't hear about nearly as much are the low-priced stocks and the small-cap stocks to buy that are primed to do well in this kind of market.Assuming all works out in the trade wars, we have going now and we don't pick any more trade fights with major trade partners, the U.S. economy should do well this year.And small cap companies can leverage growth far better than big ones, so this will be an ideal time for small caps in general, especially now that the Federal Reserve has announced it's will to err on the side of growth and lower interest rates if necessary, to keep growth moving.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * The 10 Best Stocks for 2019 -- So Far What's more, these stocks are all in strong growth sectors that won't be harmed by the current trade wars. That also makes my Portfolio Grader's seven A-rated stocks to buy under $10 attractive buyout targets for larger companies that can borrow at very low rates for acquisitions. Recro Pharma (REPH)Recro Pharma (NASDAQ:REPH) is a biotech that is in phase 3 trials for a non-opioid drug for acute post-operative pain. That has garnered it a great deal of attention over the past couple of years.With a market cap of $250 million, it has the wherewithal to mount a good effort in getting this drug over the finish line. Once it finishes trials successfully, it then can either shop the big drug firms for a licensing agreement, go on its own or get acquired by a pharma firm looking to diversify its portfolio.But the fact that taking a drug through drug trials can cost around $2 billion today means that small firms with good ideas can find it hard to keep generating revenue until they make it through trials.REPH is generating revenue now as it works on getting its Meloxicam through phase 3 trials. It has two other drugs in the pipeline as well. And its Q1 earnings report was very encouraging.While earnings were negative, they beat estimates by 87% and revenues were positive. It looks like it will break even by the end of this year and once Meloxicam gets through its hurdles, it may well be off to the races. Paysign (PAYS)Paysign (NASDAQ:PAYS) is a leader in the prepaid card business. Whether it's a phone card, rewards card or payment card, it does it all.This has become a very hot sector recently for temporary and unbanked workers. Instead of dealing with all the issues around delivery a check to workers, they can be given a prepaid card with their earnings on it to use as they please.Many of the big pharmaceutical firms are also using prepaid cards to give to patients as co-pay help for name brand pharmaceuticals. Local and state governments are also choosing prepaid cards rather then issuing checks to citizens as well as vendors. * 7 Stocks to Buy That Don't Care About Tariffs In the past year, PAYS is up a whopping 344%, 184% of that is year to date performance. Given that massive run, the stock is already at the $10 mark, but it's close enough and its potential is big enough that it makes this list. India Globalization Capital Inc (IGC)India Globalization Capital Inc (NYSE:IGC) is an odd combination of businesses. On the one hand, and as its name implies, it has a heavy-duty construction business and an industrial commodities trading business that has been in operation in India for 35 years.And then recently, it has added a cannabinoid therapeutics business, looking for and delivering alternative therapies for Alzheimer's and Parkinson's diseases.It was delisted from the NYSE after the price fell below $1 last year. But it won a relisting in February and the stock rose 234% on its first day of relisting. For the year, the stock is up 64% and year-to-date it's still up 232%. Its cannabis business is likely attracting much of the attention since many companies in the sector are getting purchased at massive premiums. At current prices, this isn't the stock to bet your retirement on, but it's certainly worth some fun money. Pedvco (PED)Pedvco Corp (NYSE:PED) stands for Pacific Energy Development Corp. It's an independent exploration and production company (E&P) that looks for oil and natural gas in Colorado's Niobrara Shale and Eagle Ford Shale in Texas.This is a good time to be an E&P, as the U.S. begins to ramp up energy exports. Not only does the solid economy bode well for demand growth, but overseas markets are paying premium prices for energy supplies, especially natural gas.There are new natural gas export facilities opening in the next few years, which will make natural gas an even more valuable commodity. * 7 Best ETFs for a Well-Balanced Portfolio What's more, the consolidation underway in the E&P sector bodes well for PED prospects of getting bought out by a bigger E&P or a diversified player. Up 560% in the past year, the stock is still trading a P/E below of 0.5. Yowza. Flexible Solutions International (FSI)Flexible Solutions International Inc (NYSE:FSI) is a Canada-based firm that has some interesting products built to conserve water and energy. One of its key products is a liquid blanket that you put over open water sources like swimming pools or fracking ponds to inhibit evaporation and maintain a stable temperature.Its other big product line is used by energy, utility, chemical and mining firms to prevent scaling and corrosion in water piping.This is an increasingly important aspect of the unconventional drilling methods that are used to get oil and natural gas out of the U.S. and Canadian shale regions. As those operations expand, so does FSI's potential business.The stock is up 94% year to date and still delivers an impressive 4.6% dividend. And its Q1 earnings report shows that growth is continuing. Sales were up 108% compared to the same quarter last year, and that includes a payment of $250,000 in U.S. tariffs. Net income was up almost 15%. And the P/E is still around 13. Sachem Capital (SACH)Sachem Capital Corp (NYSE:SACH) is a regional mortgage originator and lender of short-term loans (1-3 years) secured by first mortgage liens in the Connecticut, Massachusetts, New York and Rhode Island area.SACH primarily lends to acquire or renovate residential properties, acquire or construct properties or simply buy and hold existing properties. Given the short-term nature of the loans, much of the lending is to developers who build out properties and then sell them within the window.Given the low interest rate environment we're in currently, business is going to get even better since this is a great time to take on debt and lending is easier than it has been. * 10 Stocks to Buy That Could Be Takeover Targets This is borne out SACH's recent Q1 earnings in mid-May. Revenue was up 23% and net income was up 4%. The stock is up 33% for the year and it's still delivering a whopping 9.2% dividend. DHT Holdings (DHT)DHT Holdings Inc (NYSE:DHT) is an independent crude oil tanker company, with more than two dozen ships in its fleet.Most of these tankers are leased out to integrated oil companies to ship products around the world. Given the general growth in the global economy, and the expansion of export efforts in the U.S. market, tankers as a sector are doing well now. Usually, the summer is a slow time for them since much of the summer oil was delivered earlier for refining and in tanks for the summer demand season.The thing is, lower oil prices always mean that import-dependent countries stock up on oil and that keeps tanker fleets busy as well. DHT is up 47% YTD and that momentum should only increase if the trade wars dissipate. Plus, DHT also sports a 2.9% dividend, which comes in handy.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post 7 A-Rated Stocks to Buy Under $10 appeared first on InvestorPlace.
ACCESSWIRE•2 months ago
PEDEVCO Raises $18 Million Through Private Offerings to Fund Permian Basin Development
HOUSTON, TX / ACCESSWIRE / May 21, 2019 / PEDEVCO Corp. (NYSE American: PED) (the "Company") today announced that it has raised $15 million through the sale of restricted common stock at $2.20 per share to SK Energy LLC, an investment firm owned by Dr. Simon Kukes, the Company's Chief Executive Officer, and an additional $3 million through the sale of restricted common stock at $2.00 per share to two investors unaffiliated with the Company. Combined, the Company raised an aggregate of $18 million of unrestricted cash through these private offerings at a blended average purchase price per share of $2.16, the proceeds from which the Company plans to apply toward funding the Company's 2019 Permian Basin asset development program and acquisition activities.
Simply Wall St.•2 months ago
Should You Be Concerned About PEDEVCO Corp.'s (NYSEMKT:PED) Historical Volatility?
Anyone researching PEDEVCO Corp. (NYSEMKT:PED) might want to consider the historical volatility of the share price...
PEDEVCO Provides Updates on New Horizontal San Andres Wells Drilled in its Permian Basin Asset
HOUSTON, TX / ACCESSWIRE / May 6, 2019 / PEDEVCO Corp. (NYSE American: PED) (the "Company") today announced that its first horizontal well drilled in the Company's Chaveroo field, the Haley Chaveroo SA Unit 305H ("Haley 305H well"), which reached a peak daily rate ("IP24") of 539 barrels of oil equivalent per day ("BOEPD") (88% oil), or 138 BOE per 1,000 feet, has now achieved a thirty-day average peak initial production rate ("IP30") of 499 BOEPD (87% oil). The Haley 305H well's peak IP30 being within 10% of its peak IP24 daily rate validates the Company's focus on conventional assets rather than higher decline shale assets. In addition, the Company's second horizontal San Andres well put online, the Jennifer Chaveroo SA Unit 251H ("Jennifer 251H well"), has reached an IP24 of 431 BOEPD (86% oil), or 95 BOE per 1,000 feet.
PEDEVCO Announces Successful Results of Horizontal San Andres Wells Drilled in its Permian Basin Asset
HOUSTON, TX / ACCESSWIRE / April 29, 2019 / PEDEVCO Corp. (NYSE American: PED) (the ''Company'') today announced the results of its first horizontal well drilled in the Company's Chaveroo field of the prolific San Andres play in the Northwest Shelf of the Permian Basin situated in West Texas and eastern New Mexico. The well's current thirty-day average initial production rate (''IP30'') of 480 BOEPD (88% oil) and climbing is in the top-10 percentile of San Andres horizontal wells drilled in the Northwest Shelf and Central Basin Platform based on IHS Markit data for 778 horizontal producers as of March 2019 (December 2018 reporting month). The Haley 305 well was the first of four horizontal San Andres wells bearing 1-mile lateral lengths that the Company drilled in the Chaveroo field in December 2018 in Phase One of its 2019 development plan, all of which wells were completed by March 2019, and are proving to be capable of producing in economic quantities exceeding the Company's anticipated type-curve, with three wells currently flowing back and the fourth temporarily shut-in while awaiting further salt water disposal capacity.
Pacific Energy Development to Present at 2019 IPAA OGIS Conference in New York City
HOUSTON, TX / ACCESSWIRE / April 3, 2019 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") today announced that J. Douglas Schick, President of the Company, will present at the 2019 IPAA Oil & Gas Investment Symposium (OGIS) at the Sheraton New York Times Square Hotel, New York, New York, on Monday, April 8, 2019 at 3:05 pm Eastern Time, and will also host one-on-one meetings. The presentation will be web cast live and archived on the Company's web site, www.pedevco.com, on the "Investors" page, and an updated investor deck prepared in conjunction with the conference will also be posted and available.
Pacific Energy Development to Present at 31st Annual Roth Conference
HOUSTON, TX / ACCESSWIRE / March 11, 2019 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") today announced that J. Douglas Schick, President of the Company, and Mr. Ivar Siem, a member of the Company's Board of Directors and head of its Operating Committee, will be attending and jointly participating in one-on-one meetings at the 31st annual ROTH Conference at The Ritz-Carlton, Laguna Niguel, California on March 18th and 19th, 2019. A pre-recorded Company webinar and presentation slides will be posted and available on the ROTH Conference main webcast page at http://wsw.com/webcast/roth33/ped.
Pacific Energy Development Announces Conversion of Additional $32.7 Million of Debt into Equity
HOUSTON, TX / ACCESSWIRE / March 4, 2019 / PEDEVCO Corp. d/b/a Pacific EnergyDevelopment (NYSE American: PED) (the "Company") announced today that it has converted all of its remaining $32.7 million in debt into common stock of the Company at a price of $2.13 per share, and is now debt-free. Substantially all of the Company's debt was held by SK Energy LLC, an investment firm owned by Dr. Simon Kukes, the Company's Chief Executive Officer. John J. Scelfo, Chairman of the Company's Board of Directors, commented, "We are pleased that SK Energy has decided to convert the remainder of its debt years earlier than its maturity date at a conversion price in excess of the current market price, which not only saves the Company millions of dollars in interest, but delivers the Company a debt-free balance sheet.
Pacific Energy Development Announces Conversion of $22 Million of Debt into Equity
HOUSTON, TX / ACCESSWIRE / February 19, 2019 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") announced today that it has converted $15 million in convertible debt held by SK Energy LLC, an investment firm owned by Dr. Simon Kukes, the Company's Chief Executive Officer, into common stock of the Company at a price of $1.50 per share, and an additional $7 million in convertible debt held by SK Energy at a price of $1.79 per share. John J. Scelfo, Chairman of the Company's Board of Directors, commented, "The Board appreciates the continued support and confidence of SK Energy in the Company and our ability to deliver results, as demonstrated by its decision to convert $22 million of debt into our common stock.
Pacific Energy Development Announces Workover Results on Recently Acquired Horizontal Well in the Permian Basin
HOUSTON, TX / ACCESSWIRE / February 13, 2019 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the ''Company'') announced today that it successfully completed workover operations on the Domino 21-16 State Com No. 5 Well, which it acquired effective February 1, 2019 as part of its February 1, 2019 purchase of additional producing assets in the Permian Basin. The Company began workover operations on the Domino well immediately after closing the acquisition and is pleased to announce that the well has been online for over 5 days producing an average of 120 barrels of oil per day since completion of the workover. The Domino well was drilled by the well's former operator in the 4th quarter of 2017 and had an Initial Production (IP) peak oil rate of just over 300 barrels of oil per day in February 2018.
Pacific Energy Development Announces Closing of Acquisition of Producing Acreage in the Permian Basin
HOUSTON, TX / ACCESSWIRE / February 4, 2019 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the ''Company'') announced today that, effective February 1, 2019, it closed the previously announced acquisition of all operated production and facilities, all related existing infrastructure, and a significant leasehold position from a private operator. The acquisition includes one producing horizontal well and several wells that, with some remedial work, are expected to increase production, as well as a salt water disposal well capable of satisfying the acquired asset's intermediate-term development needs. The Company plans to begin workover operations on one of the asset's horizontal wells in early February 2019, and to commence drilling a new horizontal well on this acreage by March 1, 2019, with results anticipated to be announced in Q2 2019.
Pacific Energy Development Enters Agreement to Acquire 22,000 Acres in Permian Basin and Raises $15 Million
HOUSTON, TX / ACCESSWIRE / January 14, 2019 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") reported today that it has entered into an agreement to acquire from a private operator approximately 22,000 leasehold acres in the Permian Basin, with closing scheduled to occur on or about February 1, 2019, subject to satisfaction of closing conditions. The acquisition includes one producing horizontal well and several wells capable of producing that, with some remedial work, are expected to increase production from this asset to above 100 BOPD, as well as a salt water disposal well capable of satisfying the acquired asset's intermediate-term development needs. Following closing, the Company plans to commence drilling a new horizontal well on this acreage before March 1, 2019 to satisfy a unit agreement, with results anticipated to be announced in Q2 2019.
Pacific Energy Development Announces Spud of Initial Wells in New Permian Basin Asset
HOUSTON, TX / ACCESSWIRE / December 17, 2018 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") announced today that it has spud its initial two wells in the Company's recently acquired Permian Basin Asset ahead of schedule with the first well spud on December 1, 2018, and the second well spud on December 16, 2018. The Company currently has two drilling rigs contracted to drill these initial four wells. Once drilled, the Company plans to promptly commence completion operations during January and February 2019, with initial results expected following completion and flow testing in late Q1 2019.
Pacific Energy Development Announces Appointment of H. Douglas Evans to Board of Directors and John J. Scelfo as Chairman of the Board of Directors
HOUSTON, TX / ACCESSWIRE / October 1, 2018 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") today announced that, effective September 27, 2018, the Company appointed H. Douglas Evans to the Company's Board of Directors and existing Board member John J. Scelfo to serve as its Chairman. In addition, the Company announced that all of the members of the Board have agreed to accept no cash compensation for their service on the Board, with Messrs.
ACCESSWIRE•10 months ago
Pacific Energy Development Announces Development Plan for Recently Acquired Assets in the Permian Basin
HOUSTON, TX / ACCESSWIRE / September 10, 2018 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the ''Company'') today announced its development plan for its recently acquired assets located in the Chaveroo and Milnesand fields (the ''Assets'') of the prolific San Andres play in the Northwest Shelf of the Permian Basin situated in West Texas and eastern New Mexico. This plan has been developed over the past 10 months as the Company evaluated these Assets prior to the acquisition which closed on August 31, 2018. Currently, the Company has initiated a fast-track development plan which includes a phase one program of drilling, completing and evaluating the results of an initial 4 horizontal wells over the next 3 to 6 months.
Pacific Energy Development Announces Closing of Acquisition of Over 23,000 Net Producing Acres in the Permian Basin
440 vertical San Andres wells have already been drilled in the two fields without a single dry hole. Greater than 100 feet of net thickness in the main pay zone of the San Andres reservoir across the asset provides ideal environment to apply horizontal drilling technology to existing infill locations.
Pacific Energy Development Enters Agreements to Acquire Producing Assets in the Permian and D-J Basins
In addition, effective August 1, 2018, the Company acquired 100% ownership of Condor Energy Technology LLC, which owns and operates 4 horizontal wells producing from the Niobrara formation, and approximately 2,340 net acres held by production, all located in the D-J Basin in Weld and Morgan Counties, Colorado, and represents "bolt-on" acreage to the Company's existing operations in the D-J Basin. Also effective August 1, 2018, Mr. J. Douglas Schick, an oil and gas executive with over 20 years' experience in the industry, joined the Company as its new President, with responsibility over the Company's exploration and production and mergers and acquisition functions, reporting directly to Company CEO Simon Kukes.
ACCESSWIRE•last year
PEDEVCO and Three Additional Oil & Gas Stocks on Our Research Desk's Radar
This Monday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Equipment & Services equities: Core Laboratories N.V. (NYSE: CLB), PEDEVCO Corp. (NYSE AMER: PED), Profire Energy Inc. (NASDAQ: PFIE), and Solaris Oilfield Infrastructure Inc. (NYSE: SOI). All you have to do is sign up today for this free limited time offer by clicking the link below.
InvestorPlace•last year
9 A-Rated Cheap Stocks to Consider
With the economy in full-speed-ahead recovery mode, tax cuts boosting earnings and regulation rolling back, this is a great time to be a publicly traded company. It's a small bank with a $125 million market cap headquartered right across the river from Manhattan.
Don't Be Fooled by Pedevco's 700% Rally: PED Stock Will Plummet
Well, the PED stock forecast is far from sunny. As a result, small oil and gas companies like Pedevco have been going bust at a rapid pace in recent times. As PED stock owners are likely to discover in coming months, merely avoiding bankruptcy doesn't mean the common stock is suddenly a bargain.
Today's Research Reports on Stocks to Watch: Facebook and PEDEVCO
NEW YORK, NY / ACCESSWIRE / July 18, 2018 / Facebook and PEDEVCO were two stocks seeing big gains in Tuesday's session. Facebook hit an all-time new high after defending its filtering practices to Congress and after Jefferies raised its price target on the stock earlier in the week. Shares of PEDEVCO saw gains over 30% despite a catalyst, but the company did appoint a new CEO last week.