Summary
Pedevco (PED) Upgraded to Buy: What Does It Mean for the Stock?
Pedevco (PED) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
PEDEVCO Corp. (PED) Shareholder/Analyst Call Prepared Remarks Transcript
PEDEVCO Corp. (PED) Shareholder/Analyst Call Prepared Remarks Transcript
Pedevco Q2 Earnings Call Highlights
Pedevco NYSEAMERICAN: PED reported second-quarter 2026 results that reflected the larger production base acquired through its merger with the Juniper portfolio companies, while management highlighted debt reduction, operating-cost optimization and plans for a more active development program in the second half of the year.
PEDEVCO Corp Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Joseph Castro Nuveen LLC | 12,796 | $172,235 | $180,295.64 | $8,060.64 | 4.68% |
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PEDEVCO Corp Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | John Douglas Schick CEO | AMEX Exchange | 70532Y402 CUSIP |
| US Country | 25 Employees | - Last Dividend | 13 Mar 2026 Last Split | 2 May 2003 IPO Date |
Overview
PEDEVCO Corp. is a focused entity within the energy sector, primarily engaged in the oil and gas industry. The company's strategic operations include the acquisition, development, and production of oil and natural gas assets predominantly situated in the United States. With its corporate headquarters established in Houston, Texas, PEDEVCO operates in significant oil and gas producing regions, namely the Permian Basin and the D-J Basin. The company controls an expansive area in the Permian Basin, amounting to approximately 22,721 net acres in New Mexico, and extends its reach to the D-J Basin with around 19,214 net acres located in Wyoming. This geographical positioning within key energy-producing locales underlines PEDEVCO's commitment to tapping into and efficiently managing valuable natural resources.
Products and Services
- Oil and Natural Gas Production
At the core of PEDEVCO's operations lies its primary focus on the production of oil and natural gas. By leveraging its significant acreage in the Permian Basin and the D-J Basin, the company actively engages in the extraction and sale of these crucial energy resources. This effort supports not only the energy market's demands but also contributes to the broader economic landscape through energy provision and job creation.
- Asset Development and Acquisition
PEDEVCO's strategic approach encompasses the development and acquisition of oil and gas assets. This includes extensive exploration activities aimed at discovering new reserves, optimizing the extraction process, and expanding its portfolio through strategic acquisitions. Such endeavors ensure the company's growth and sustainability within the competitive energy sector, allowing for ongoing enhancement of production capabilities and resource management.
