Date | Price Target | Rating | Analyst |
---|---|---|---|
1/28/2022 | $2.00 | Buy | EF Hutton |
1/24/2022 | $1.95 | Buy | Roth Capital |
Alliance Global Partners analyst James Molloy initiates coverage on PEDEVCO (AMEX:PED) with a Buy rating and announces Price Target of $1.75.
EF Hutton analyst Tim Moore maintains PEDEVCO (AMEX:PED) with a Buy and maintains $2.25 price target.
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. All three wells peaked at between approximately 300 to 375 gross barrels of oil equivalent ("BOEPD") per well (~80% oil) in late February. 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 a
EF Hutton initiated coverage of PEDEVCO with a rating of Buy and set a new price target of $2.00
Roth Capital initiated coverage of PEDEVCO with a rating of Buy and set a new price target of $1.95
4 - PEDEVCO CORP (0001141197) (Issuer)
4 - PEDEVCO CORP (0001141197) (Issuer)
4 - PEDEVCO CORP (0001141197) (Issuer)
Experienced energy industry and finance executive to serve as Chairman of IEC's Audit Committee JAKARTA, INDONESIA AND DANVILLE, CA / ACCESSWIRE / January 25, 2021 / Indonesia Energy Corporation (NYSE American:INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that the company's Board of Directors has appointed Michael L. Peterson to the Board. Mr. Peterson will serve as an independent Board member and will also serve as the Chairman of the Audit Committee of the Board of Directors. Mr. Peterson has over 30 years of experience in executive management positions in all aspects of the energy industry and finance industries, having served as
HOUSTON, Dec. 2, 2020 /PRNewswire/ -- American Resources, Inc., and SK Energy LLC, the investment vehicle of Dr. Simon Kukes, one of the largest shareholders of Ring Energy, Inc. (NYSE: REI), announced today that they are very concerned with certain actions of the Board of Directors of Ring Energy. As a result of those concerns, SK Energy and American Resources urge all shareholders to withhold votes on all members of Ring Energy's Board of Directors in the upcoming election. The Ring Energy Board of Directors appears to have made a mistake by offering employment to a CEO whose previous performance in similar roles does not instill confidence in his ability to make Ring Energy successful
S-3 - PEDEVCO CORP (0001141197) (Filer)
S-8 - PEDEVCO CORP (0001141197) (Filer)
10-K/A - PEDEVCO CORP (0001141197) (Filer)
SC 13D/A - PEDEVCO CORP (0001141197) (Subject)
SC 13D/A - PEDEVCO CORP (0001141197) (Subject)
SC 13D/A - PEDEVCO CORP (0001141197) (Subject)
HOUSTON, TX / ACCESSWIRE / September 11, 2024 / PEDEVCO Corp. (NYSE:PED) ("PEDEVCO" or the "Company") is pleased to announce the successful closing of a new $250 million reserve based lending facility ("RBL" or "Facility") among Citibank, N.A., as administrative agent, and the lenders (including Citibank, N.A.) from time to time party thereto. The Facility has a maturity of four years and provides for an initial borrowing base of $20.0 million and an aggregate maximum revolving credit amount of $250 million. The Company has not drawn down any borrowings under the Facility at this time.J. Douglas Schick, President of the Company, stated, "We are very pleased to announce the closing of our RBL
HOUSTON, TX / ACCESSWIRE / August 14, 2024 / PEDEVCO Corp. (NYSE: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 three and six months ended June 30, 2024, and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 2,010 barrels of oil equivalent per day ("BOEPD") (87% liquids) in the three months ended June 30, 2024 ("Q2 2024"), compared to 1,660 BOEPD produced in Q2 2023.Q2 2024 revenue of $11.8 million, increasing $3.3 million from Q2 2023.Operating income of $2.6 million, increasing 77% from Q2 2
HOUSTON, TX / ACCESSWIRE / May 15, 2024 / PEDEVCO Corp. (NYSE: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 three months ended March 31, 2024 and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 1,478 barrels of oil equivalent per day ("BOEPD") (84% liquids) in the three months ended March 31, 2024 ("Q1 2024"), compared to 1,428 BOEPD produced in Q1 2023.Q1 2024 revenue of $8.12 million, decreasing $48,000 from Q1 2023.Operating income of $0.6 million, decreasing 62% from Q1 2023.Operating e
HOUSTON, TX / ACCESSWIRE / August 14, 2024 / PEDEVCO Corp. (NYSE: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 three and six months ended June 30, 2024, and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 2,010 barrels of oil equivalent per day ("BOEPD") (87% liquids) in the three months ended June 30, 2024 ("Q2 2024"), compared to 1,660 BOEPD produced in Q2 2023.Q2 2024 revenue of $11.8 million, increasing $3.3 million from Q2 2023.Operating income of $2.6 million, increasing 77% from Q2 2
HOUSTON, TX / ACCESSWIRE / May 15, 2024 / PEDEVCO Corp. (NYSE: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 three months ended March 31, 2024 and provided an operations update.Key Financial and Operational Highlights Include:Produced an average of 1,478 barrels of oil equivalent per day ("BOEPD") (84% liquids) in the three months ended March 31, 2024 ("Q1 2024"), compared to 1,428 BOEPD produced in Q1 2023.Q1 2024 revenue of $8.12 million, decreasing $48,000 from Q1 2023.Operating income of $0.6 million, decreasing 62% from Q1 2023.Operating e
HOUSTON, TX / ACCESSWIRE / March 18, 2024 / PEDEVCO Corp. (NYSE: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.Adjusted EBITDA, a non-GAAP financial measure (discussed in greater detail below), increased 8% to $17.5 million in 2023, compared to $16.1 million in 2022.Reported revenue of $31 million, increasing 2% over 2022 revenue.Reported operating lo