Pedevco Corp. with ticker code (PED) now have [object Object] analysts covering the stock. The analyst consensus points to a rating of ‘None’. The target price ranges between 1 and 1 with a mean TP of 1. Now with the previous closing price of 1.38 this is indicating there is a potential downside of -27.5%. The 50 day MA is 1.36 and the 200 day moving average is 1.33. The company has a market capitalisation of $114m. You can visit the company’s website by visiting: https://www.pedevco.com
The potential market cap would be $82m based on the market concensus.
PEDEVCO Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas assets in the United States. As of June 30, 2021, the company held approximately 33,752 net Permian Basin acres located in Chaves, Roosevelt, and Lea Counties, New Mexico; and approximately 11,580 net Denver-Julesburg Basin acres located in Weld and Morgan Counties, Colorado. It had interests in 303 net wells in Permian Basin Asset; and 21.0 net wells in Denver-Julesburg Basin Asset. PEDEVCO Corp. is headquartered in Houston, Texas. PEDEVCO Corp. operates as a subsidiary of SK Energy LLC.
