Pedevco Corp. with ticker code (PED) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 2.4 and 2.15 with a mean TP of 2.27. Given that the stocks previous close was at 1.03 this indicates there is a potential upside of 120.4%. The 50 day moving average now sits at 1.11 while the 200 day moving average is 1.17. The market cap for the company is $89m. Find out more information at: https://www.pedevco.com
The potential market cap would be $197m based on the market concensus.
PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2021, the company held approximately 32,870 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,580 net Denver-Julesberg (D-J) Basin acres located in Weld and Morgan Counties, Colorado. It had interests in 385 net wells in Permian Basin Asset; and 78 net wells in (D-J) Basin Asset. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.
