PEDEVCO Trading Up 1.0 %
PED stock opened at $1.02 on Friday. The firm has a market capitalization of $88.78 million, a price-to-earnings ratio of 34.01 and a beta of 1.32. The company’s 50 day simple moving average is $0.93. PEDEVCO has a 12 month low of $0.80 and a 12 month high of $1.31.
PEDEVCO (NYSEAMERICAN:PED – Get Free Report) last issued its earnings results on Tuesday, August 15th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $10.91 million during the quarter, compared to analysts’ expectations of $9.48 million. PEDEVCO had a return on equity of 3.71% and a net margin of 11.32%. Equities analysts forecast that PEDEVCO will post 0.12 earnings per share for the current year.
Insider Activity at PEDEVCO
Institutional Investors Weigh In On PEDEVCO
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PED. XTX Topco Ltd lifted its stake in PEDEVCO by 44.7% in the 1st quarter. XTX Topco Ltd now owns 52,091 shares of the company’s stock valued at $70,000 after acquiring an additional 16,083 shares in the last quarter. Vanguard Group Inc. lifted its holdings in PEDEVCO by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 945,769 shares of the company’s stock worth $955,000 after purchasing an additional 19,300 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of PEDEVCO during the first quarter worth $28,000. Jane Street Group LLC acquired a new stake in shares of PEDEVCO during the first quarter worth $30,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of PEDEVCO by 44.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 79,800 shares of the company’s stock valued at $88,000 after buying an additional 24,600 shares during the period. Institutional investors own 3.05% of the company’s stock.
PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
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