Pedevco Corp. with ticker code (PED) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 2.4 and 2.15 with a mean TP of 2.27. Now with the previous closing price of 1.25 this would imply there is a potential upside of 81.6%. The 50 day MA is 1.37 and the 200 moving average now moves to 1.3. The market cap for the company is $104m. Company Website: 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.
