PEDEVCO (PED) Company Overview

Pedevco Corp. (PED) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.01 per share a year ago.

HOUSTON, TX / ACCESSWIRE / November 14, 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 three and nine months ended September 30, 2024, and provided an operations update. Key Financial and Operational Highlights Include: Produced an average of 1,698 barrels of oil equivalent per day ("BOEPD") (85% liquids) in the three months ended September 30, 2024 ("Q3 2024"), compared to 1,376 BOEPD produced in Q3 2023.

Pedevco (PED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

HOUSTON, TX / ACCESSWIRE / October 1, 2024 / PEDEVCO Corp. (NYSE American:PED) ("PEDEVCO") today announced that it has entered into a five year Participation Agreement ("PA") and Area of Mutual Interest ("AMI") with a large, Denver, Colorado-based private equity-backed D-J Basin E&P Company with extensive operational experience ("Operator"), pursuant to which the companies have agreed to participate in the joint development of approximately 10,750 net acres collectively held by the companies in the SW Pony Prospect located in Weld County, Colorado. The parties have formed an approximately 16,900 gross acre AMI in the prospect, with PEDVCO holding a 30% interest and the Operator holding a 70% interest in the combined acreage.

HOUSTON, TX / ACCESSWIRE / September 11, 2024 / PEDEVCO Corp. (NYSE American: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.

Pedevco Corp. (PED) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago.

Here is how Pedevco Corp. (PED) and Saipem (SAPMF) have performed compared to their sector so far this year.