Pedevco Corp. found using ticker (PED) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 2.4 and 2.15 with a mean TP of 2.27. Now with the previous closing price of 1.26 this would indicate that there is a potential upside of 80.2%. There is a 50 day moving average of 1.38 and the 200 moving average now moves to 1.32. The company has a market capitalisation of $105m. Find out more information at: https://www.pedevco.com
The potential market cap would be $189m 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.
