PEDEVCO Corp. (PED)
PEDEVCO Corp. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $11.30, down 0.75% on the session, giving a market capitalisation of $150.4M. On trailing twelve-month figures it carries a trailing P/E of -2.03, a net margin of -46.8%. Its beta of 0.23 implies it has historically moved less than the broad market.
PEDEVCO Corp. is an oil and gas company primarily engaged in the acquisition, development, and production of hydrocarbon resources throughout the United States. As of December 31, 2021, the company owned approximately 32,870 net acres in New Mexico's Permian Basin (specifically Chaves and Roosevelt Counties) and about 11,580 net acres in Colorado's Denver-Julesberg (D-J) Basin (spanning Weld and Morgan Counties). Within these strategic areas, PEDEVCO operates 385 net wells in the Permian Basin and 78 net wells in the D-J Basin. The company's corporate headquarters are situated in Houston, Texas, and it operates as a subsidiary of SK Energy LLC.
PEDEVCO Corp. is most often compared with the following Energy names: