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PEDEVCO

PED · NYSE American

$14.24−$0.41 (−2.80%)TodayMarket closed ·
Prev close $14.65

PED analyst rating

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The case for and against

Updated Nov 7, 2025

Bull case

PEDEVCO Corp is positioned for a positive financial outlook due to lower non-cash depletion expenses, which are expected to enhance prior-period net income and ensure accurate current reporting. Since the appointment of CEO Doug Schick in early 2025, the company has maintained a streak of accepted earnings, indicating improved operational performance and financial management. Although operating expenses have increased due to higher lease operating expenses associated with elevated production volumes, the overall revenue growth indicates potential for future profitability and resilience in the company's financials.

Bear case

PEDEVCO Corp reported production figures of 1,707 BPD, which fell short of the 1,716 BPD forecast, despite achieving revenue of $8.7 million, a slight increase from the previous year and higher than initial projections. The company has been criticized for not incorporating prior year production numbers in its reserve calculations, leading to an overstatement of depletion expenses and an understatement of net income. Although PEDEVCO currently has no debt and expects approximately $20 million in EBITDA and a cash balance of $10 million, concerns remain about its reliance on external financing from its revolver to support future growth initiatives, which may indicate potential liquidity risks.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.