Dernières nouvelles pour PEDEVCO (AMEX:PED) Stock

PEDEVCO CORP

PEDEVCO

PEDEVCO Corp is an oil and gas company focused on oil and natural gas development, exploration, and production. The company focuses on legacy properties where there is a long production history, well-defined geology and existing infrastructure that can be leveraged when applying modern field management technologies. The current properties of the company are located in the San Andres formation of the Permian Basin, situated in West Texas and eastern New Mexico (the Permian Basin), and in the Denver-Julesberg Basin (D-J Basin) in Colorado and Wyoming.

PEDEVCO Corp

PEOPLES EDUCATIONAL HLDGS by Peoples Educational Holdings, Inc.

Peoples Educational Holdings Inc

Pediatrix Medical Group, Inc. Common Stock

Pediatrix Medical Group Inc

Pedro’s List Inc

<h3>Gainers</h3>
<ul>
<li>Geospace Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEOS#NASDAQ">GEOS</a>) stock rose 13.5% to $7.82 during Tuesday's pre-market session. The market value of their outstanding shares is at $100.1 million. </li>
<li>Houston American Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/HUSA#AMEX">HUSA</a>) shares increased by 12.35% to $11.91. The market value of their outstanding shares is at $18.6 million. </li>
<li>Indonesia Energy Corp (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INDO#AMEX">INDO</a>) shares increased by 10.02% to $4.39. The company's market cap stands at $59.7 million. </li>
<li>US Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USEG#NASDAQ">USEG</a>) stock increased by 9.62% to $1.88. The company's market cap stands at $63.9 million. </li>
<li>TMD Energy Limited Ordinary Shares (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TMDE#AMEX">TMDE</a>) stock increased by 8.45% to $2.18. </li>
<li>PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) stock rose 7.59% to $0.71. The market value of their outstanding shares is at $64.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>BP Prudhoe Bay Royalty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BPT#NYSE">BPT</a>) shares fell 21.5% to $0.62 during Tuesday's pre-market session. The company's market cap stands at $13.2 million. </li>
<li>Leishen Energy Holding Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSE#NASDAQ">LSE</a>) shares decreased by 13.05% to $5.8. The company's market cap stands at $98.7 million. </li>
<li>Dawson Geophysical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DWSN#NASDAQ">DWSN</a>) shares decreased by 10.35% to $2.6. The company's market cap stands at $80.5 million. </li>
<li>Marine Petroleum Tr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARPS#NASDAQ">MARPS</a>) stock decreased by 10.0% to $5.4. The market value of their outstanding shares is at $10.8 million. </li>
<li>Stak (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAK#NASDAQ">STAK</a>) shares fell 9.96% to $2.08. The market value of their outstanding shares is at $23.7 million. </li>
<li>Sky Quarry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYQ#NASDAQ">SKYQ</a>) shares declined by 6.48% to $0.82. The market value of their outstanding shares is at $17.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-energy-stocks/" title="www.benzinga.com/money/best-energy-stocks/">www.benzinga.com/money/best-energy-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

DWSN

GEOS

HUSA

INDO

MARPS

SKYQ

STAK

TMDE

USEG

12 Energy Stocks Moving In Tuesday's Pre-Market Session

On Friday, a day after Israel launched &#8220;Operation Rising Lion&#8221; targeting over 100 Iranian nuclear and military sites, Iran retaliated with missile <a href="https://www.benzinga.com/news/topics/25/06/45933856/iran-fires-ballistic-missiles-at-israel-tel-aviv-struck" target="_blank" rel="noreferrer noopener">attacks on Israel</a>. The strikes marked the start of what Iranian state media called &#8220;The Hard Retaliation.&#8221;
The state media confirmed the death of Iran&#8217;s Islamic Revolutionary Guard Corps (IRGC) Commander-in-Chief Hossein Salami. Israel&#8217;s Defense Ministry claimed most IRGC leadership was killed.
The conflict between Israel and Iran has had a notable impact on the <a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/06/45943707/us-economy-to-face-pretty-limited-impact-from-israel-iran-airstrikes-with-only-a-tiny-bit-recession-risk-say-economists" rel="noreferrer noopener">global financial markets</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/06/45944854/irans-missile-stockpile-may-be-shrinking-as-strikes-on-israel-taper-off-says-think-tank-lmt-rtx-" rel="noreferrer noopener">Iran&#8217;s Missile Stockpile May Be Shrinking As Strikes On Israel Taper Off, Says Think Tank: LMT, RTX, GD In Focus</a>
The&nbsp;Dow Jones index fell over&nbsp;700 points on Friday following Israel&#8217;s surprise airstrike on Iranian nuclear sites. Despite this, the&nbsp;CNN Money Fear and Greed index&nbsp;showed a&nbsp;decline&nbsp;in overall market sentiment, remaining in the &#8220;Greed&#8221; zone.
The&nbsp;SPDR Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) witnessed consistent demand throughout the week, recording five straight days of inflows. Weekly net investments hit $310 million, the fund&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45948662/iran-israel-tensions-fuel-oil-rally-investors-are-piling-into-energy-etfs" rel="noreferrer noopener">second-strongest week of 2025</a>.
Other sector-focused ETFs trailed the energy fund&#8217;s inflows, with the&nbsp;Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) pulling in $295 million and the&nbsp;Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)&nbsp;attracting $267 million for the week.
D. Boral analyst Jesse Sobelson has expressed concerns that current market conditions are creating uncertainty for general equity investors. This uncertainty, in his view, could lead to a resurgence of inflation and increased volatility, particularly in sectors that are heavily reliant on <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">raw material costs</a>.
Energy exploration and production (E&amp;P) stocks, especially U.S. companies with little exposure to the Middle East, might benefit from a sustained increase in oil prices, he pointed out.
He further emphasized that this situation exacerbates the already challenging OPEC+ negotiations as member countries grapple with escalating security risks and internal, often conflicting, priorities.
Sobelson posits that Tetra Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTI#NYSE">TTI</a>) stands to gain if U.S. shale activity experiences a resurgence. He anticipates that an uptick in drilling by energy companies would directly increase demand for Tetra&#8217;s specialized water and chemical services, thereby boosting the company&#8217;s performance.
Pedevco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PED#NYSE">PED</a>), which operates in the Permian Basin, could see strong gains if oil prices rise due to its high sensitivity to changes in crude prices, he asserted.
While more focused on natural gas, EON Resources Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EONR#NYSE">EONR</a>) has midstream assets and some oil-linked revenues that could rise with oil prices and support ongoing deal talks, Sobelson stated.
He emphasized that all three companies are particularly well-positioned for strong performance amidst a volatile, supply-constrained oil market.
The analyst stated, &#8220;We believe current oil prices embed an elevated&#8217; risk premium&#8217; due to the heightened probability of conflict spreading to critical oil infrastructure or shipping lanes. The Strait of Hormuz, responsible for approximately 20 million barrels per day of oil flow connecting the Persian Gulf to the Gulf of Oman, is specifically highlighted as a key piece of infrastructure to monitor closely.&#8221;
Price Action: TTI stock is up 3.2% at $3.6, EONR stock is down 11.1% at $0.51, and PED stock is down 4.32% at $0.73 at the last check on Monday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45952716/stock-market-today-sp500-rises-iran-israel-nasdaq-near-record-highs" target="_blank" rel="noreferrer noopener">Wall Street Roars Back As Iran Signals De-Escalation: Nasdaq 100 Nears All-Time High</a></li>
</ul>
Photo via Shutterstock

Analyst Color

News

Penny Stocks

Global

Markets

Analyst Ratings

Trading Ideas

General

EONR

These Penny Stocks Stand To Gain From Israel-Iran Conflict Induced Volatility In Crude Oil: Analyst

<h3>Gainers</h3>
<ul>
<li>Dawson Geophysical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DWSN#NASDAQ">DWSN</a>) shares increased by 30.1% to $1.77 during Friday's after-market session. The market value of their outstanding shares is at $54.8 million. </li>
<li>Battalion Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BATL#AMEX">BATL</a>) shares increased by 22.56% to $2.01. The market value of their outstanding shares is at $33.0 million. </li>
<li>Mexco Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MXC#AMEX">MXC</a>) shares moved upwards by 5.79% to $12.6. The company's market cap stands at $25.7 million. </li>
<li>CBL International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANL#NASDAQ">BANL</a>) stock moved upwards by 4.92% to $0.87. The company's market cap stands at $24.0 million. </li>
<li>OMS Energy Technologies I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMSE#NASDAQ">OMSE</a>) shares increased by 4.71% to $7.1. The company's market cap stands at $301.3 million. </li>
<li>PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) stock increased by 4.06% to $0.79. The market value of their outstanding shares is at $72.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>NextNRG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXXT#NASDAQ">NXXT</a>) shares decreased by 24.0% to $2.25 during Friday's after-market session. The market value of their outstanding shares is at $266.6 million. </li>
<li>Crown LNG Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) shares declined by 8.61% to $0.1. The company's market cap stands at $46.5 million. </li>
<li>PTL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLE#NASDAQ">PTLE</a>) shares decreased by 8.51% to $0.18. The company's market cap stands at $6.8 million. </li>
<li>TMD Energy Limited Ordinary Shares (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TMDE#AMEX">TMDE</a>) shares declined by 6.1% to $1.23. </li>
<li>Sky Quarry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYQ#NASDAQ">SKYQ</a>) shares decreased by 5.01% to $0.74. The company's market cap stands at $15.7 million. </li>
<li>Recon Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCON#NASDAQ">RCON</a>) shares fell 5.0% to $2.47. The company's market cap stands at $69.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-energy-stocks/" title="www.benzinga.com/money/best-energy-stocks/">www.benzinga.com/money/best-energy-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BANL

BATL

CGBS

NXXT

OMSE

PTLE

RCON

12 Energy Stocks Moving In Friday's After-Market Session

D. Boral Capital analyst Jesse Sobelson maintains PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and maintains $1.5 price target.

Price Target

D. Boral Capital Maintains Buy on PEDEVCO, Maintains $1.5 Price Target

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly sales of $8.74 million which missed the analyst consensus estimate of $9.10 million by 4.00 percent. This is a 7.64 percent increase over sales of $8.12 million the same period last year.

Earnings

Earnings Misses

PEDEVCO Q1 Sales $8.74M Miss $9.10M Estimate

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.06 per share which missed the analyst consensus estimate of $0.08 by 25 percent. This is a 200 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $39.55 million which beat the analyst consensus estimate of $38.30 million by 3.27 percent. This is a 28.64 percent increase over sales of $30.75 million the same period last year.

Earnings Beats

PEDEVCO FY 2024 Adj EPS $0.06 Misses $0.08 Estimate, Sales $39.55M Beat $38.30M Estimate

PEDEVCO Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PED#NYSE">PED</a>) ("PEDEVCO") today announced that it has entered into a joint development agreement ("Agreement") with a large, Denver, Colorado-based private equity-backed D-J Basin E&amp;P Company with extensive operational experience ("Operator"), pursuant to which the companies have agreed to jointly participate in the expansion and development of the Company's Roth and Amber DSUs located in Weld County, Colorado. Pursuant to the Agreement, in exchange for the Operator's payment to the Company of approximately $1.7 million, the Company agreed to submit to the Colorado Energy and Carbon Management Commission (the "ECMC") spacing applications to amend the Company's existing Roth and Amber DSUs to increase each of their sizes from ~1,280 acres to ~1,600 acres, transfer operatorship of the DSUs to the Operator, and jointly participate in the development of the Roth DSU with each party having not less than a 40% working interest. The parties further agreed that the Operator shall commence the drilling of five new horizontal wells in the Roth DSU in Q3 2025, with completion estimated to occur in Q4 2025. PEDEVCO retained the right to assume operations in the event the wells are not timely commenced.
Upon the timely completion of the five Roth DSU wells, but no later than June 30, 2026, the Operator shall have the option to acquire up to 50% of the Company's leasehold interest in the Amber DSU, resulting in each of the Company and the Operator holding up to ~45% of the working interests in the Amber DSU.

Contracts

PEDEVCO Announced Joint Development Agreement With D-J Basin Operator, Receiving $1.7M For Roth And Amber DSUs Expansion; Operator To Drill 5 New Wells By Q3 2025, Retaining Option To Acquire Up To 50% Leasehold Interest In Amber DSU By June 30, 2026

Management

PEDEVCO Appoints J. Douglas Schick As President And CEO Effective January 1, 2025, Succeeding Dr. Simon G. Kukes, Who Will Transition To Executive Chairman; John Scelfo To Step Down As Chairman Of The Board But Remain As Independent Director And Committee Chair

D. Boral Capital analyst Jesse Sobelson maintains PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and lowers the price target from $2.25 to $1.5.

D. Boral Capital Maintains Buy on PEDEVCO, Lowers Price Target to $1.5

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.01 by 200 percent. The company reported quarterly sales of $9.100 million which beat the analyst consensus estimate of $8.859 million by 2.72 percent. This is a 24.15 percent increase over sales of $7.330 million the same period last year.

PEDEVCO Q3 2024 GAAP EPS $0.03 Beats $0.01 Estimate, Sales $9.100M Beat $8.859M Estimate

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported quarterly earnings of $0.03 per share which beat the analyst consensus estimate of $0.02 by 50 percent. This is a 25 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $11.80 million which beat the analyst consensus estimate of $9.68 million by 21.90 percent. This is a 8.16 percent increase over sales of $10.91 million the same period last year.

PEDEVCO Q2 EPS $0.03 Beats $0.02 Estimate, Sales $11.80M Beat $9.68M Estimate

Alliance Global Partners analyst James Molloy initiates coverage on PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy rating and announces Price Target of $1.75.

Initiation

Alliance Global Partners Initiates Coverage On PEDEVCO with Buy Rating, Announces Price Target of $1.75

EF Hutton analyst Tim Moore maintains PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and maintains $2.25 price target.

EF Hutton Maintains Buy on PEDEVCO, Maintains $2.25 Price Target

<ul>
<li>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.</li>
<li>The wells were drilled in&nbsp;Q4&nbsp;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.</li>
<li>All three wells peaked at between approximately 300 to 375 gross barrels of oil equivalent (&quot;BOEPD&quot;) per well (~80%&nbsp;oil) in late February.</li>
<li>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 an average of over 750 BOEPD gross for the last 30 days.</li>
<li>The Company is working with Evolution to plan the next phase of development over the coming months.</li>
</ul>

PEDEVCO Announces Update On Its On Three New Wells In Permian Basin

Commodities

PEDEVCO Reported An Average Of 1,427 Barrels Of Oil Equivalent Per Day (74% Oil) In 2023, Increasing 43% Over Average Daily Production In 2022; Reported 2023 Adjusted EBITDA Of $17.5M, Up 8% YoY

PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) reported its Q4 earnings results on Monday, March 18, 2024 at 07:00 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
PEDEVCO missed estimated earnings by -100.0%, reporting an EPS of $0.0 versus an estimate of $0.01.
Revenue was up $817 thousand from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.01 which was followed by a 1.0% drop in the share price the next day.

To track all earnings releases for PEDEVCO <a href="https://www.benzinga.com/quote/PED/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: PEDEVCO Q4 Earnings

PEDEVCO Secures Approval Of D-J Basin Development Plan For Roth 2-11 Wells

EF Hutton analyst Ignacio Bernaldez reiterates PEDEVCO (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PED#AMEX">PED</a>) with a Buy and maintains $2.5 price target.

Comments

PEDEVCO

Actualités

Dernières nouvelles pour PEDEVCO (AMEX:PED) Stock

Les gens regardent aussi

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL