|Bid||0.810 x 3000|
|Ask||2.000 x 1800|
|Day's Range||1.1601 - 1.3300|
|52 Week Range||0.2580 - 4.4400|
|Beta (3Y Monthly)||-1.70|
|PE Ratio (TTM)||0.32|
|Earnings Date||Nov 13, 2015 - Nov 16, 2015|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||90.00|
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.
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.
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.
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.
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.
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.
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.
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.
DANVILLE, CA / ACCESSWIRE / July 12, 2018 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") reported today that it has appointed Dr. Simon Kukes as its new Chief Executive Officer and member of the Company's Board of Directors, and has added two additional Board members, all of whom have significant global oil and gas industry experience. Mr. Frank Ingriselli will remain as the Chairman of the Board and will also assume the position of Advisor to the CEO.
It’s been an exciting couple of weeks for New Concept Energy, Inc. (NYSEAMERICAN:GBR). Trading volume was light, and it looked like New Concept was doomed to remain a penny stock for the indefinite future. After hitting its peak of $12 on July 3rd, New Concept Energy quickly lost two-thirds of its value, dropping back down to $4 per share.
DANVILLE, CA / ACCESSWIRE / June 29, 2018 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company"), announced today that the Company has regained compliance with the NYSE American LLC (the "Exchange") continued listing standards.
NEW YORK, NY / ACCESSWIRE / June 28, 2018 / Both Differential Brands and PEDEVCO saw their shares tremendously explode in Wednesday trading. Shares of Differential Brands Group skyrocketed over 500% after announcing it would be acquiring the North American division of Global Brands Group Holding Ltd. On the other hand, shares of PEDEVCO soared over 650% after announcing the closing of a strategic investment earlier in the week. Differential Brands Group Inc. shares closed up a little over 500% yesterday on about 30.2 million shares traded.
DANVILLE, CA / ACCESSWIRE / June 26, 2018 / PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) (the "Company") reported today that it entered into a series of transactions resulting in the satisfaction and retirement of substantially all of its existing debt, successfully erasing over $75 million in debt and replacing it with $7.7 million in three-year 8% senior note funded by a strategic investor, SK Energy LLC. With these transactions, the Company estimates that it has increased its stockholders' equity by over $64 million. With the Company's balance sheet restructured, the Company believes it is now well-positioned to execute upon its business plan of developing its current assets, which include over $51 million in proved undeveloped reserves (PUDs) (undiscounted net present value) as most recently estimated by the Company's independent reserve engineers and growing the Company through accretive acquisitions.
Leading PEDEVCO Corp (AMEX:PED) as the CEO, Mike Peterson took the company to a valuation of US$2.26M. Recognizing whether CEO incentives are aligned with shareholders is a crucial part ofRead More...
In this article, I’m going to take a look at PEDEVCO Corp’s (AMEX:PED) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors.Read More...
DANVILLE, CA / ACCESSWIRE / April 2, 2018 / On March 29, 2018, PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE American: PED) reported its year-end results for 2017. Over the year ended December 31, ...
For long term investors, improvement in profitability and outperformance against the industry can be important characteristics in a stock. In this article, I will take a look at PEDEVCO Corp’sRead More...
PEDEVCO Corp (AMEX:PED), a US$1.75M small-cap, operates in the oil and gas industry which has seen a prolonged oil price downturn since mid-2014. However, energy-sector analysts are forecasting for theRead More...