Pedevco Corp. with ticker code (PED) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 2.4 and 2.15 with the average target price sitting at 2.27. With the stocks previous close at 1.18 this is indicating there is a potential upside of 92.4%. There is a 50 day moving average of 1.25 while the 200 day moving average is 1.27. The company has a market capitalisation of $100m. Visit the company website at: https://www.pedevco.com
The potential market cap would be $193m 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.
