PEDEVCO Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

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.

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.

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.

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.

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.

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PEDEVCO is an O&G E&P company with assets in the Permian and the D-J basins. The company is financing horizontal well development with cash flows from vertical wells. The company has a history of losses and value destruction, but most of it comes from legacy business. The company's new owners and managers initiated a different strategy in 2018.

Shares of tightly held oil and gas production company PEDEVCO Corp. are down more than 50% from their March 2022 high as lower oil prices have hurt performance. Although the company has a pristine balance sheet and cash of $30.9 million, it has little economies of scale due to some high costs.

Pedevco Corp. (PED) delivered earnings and revenue surprises of -66.67% and 9.98%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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Pedevco Corp. (PED) delivered earnings and revenue surprises of 33.33% and 9.32%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Which penny stocks are you watching right now? The post Why These 3 Penny Stocks Climbed Today  appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Pedevco Corp. (PED) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Energy penny stocks remain hot & here are 4 more to watch right now. The post Most Active Penny Stocks To Watch With Oil & Energy In Focus Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.