Pedevco (PED) AI Stock Analysis

• Market Cap: $57.18M
• Dividend Yield: N/A
• Average Volume (3M): 159.50K
• Price to Earnings (P/E): 3.3
• Beta (1Y): 0.69
• Revenue Growth: 28.49%
• EPS Growth: 6115.63%
• Country: US
• Employees: 14
• Sector: Energy
• Sector Strength: 51
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.20
• Shares Outstanding: 91,339,386
• 10 Day Avg. Volume: 137,142
• 30 Day Avg. Volume: 159,498
• PEG Ratio: 0.04
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 52.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $2.15
• Price Target Upside: 241.27% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Pedevco's overall stock score reflects its mixed financial performance, with strong balance sheet stability but challenges in revenue stability and operating cash flow. Technical analysis indicates bearish momentum, while the low P/E ratio suggests undervaluation. The recent corporate event of incentivizing staff is a positive move for long-term stability. However, the lack of earnings call data limits insights into strategic directions.

Pedevco Business Overview & Revenue Model

Company Description

PEDEVCO Corp. (PED) is an energy company focused on the acquisition, exploration, development, and production of oil and natural gas. The company primarily operates in the United States with a focus on assets located in the Permian Basin in Texas and the D-J Basin in Colorado. PEDEVCO is dedicated to increasing shareholder value through the efficient management and development of its oil and gas reserves.

How the Company Makes Money

PEDEVCO Corp. generates revenue primarily through the sale of crude oil, natural gas, and natural gas liquids that it produces from its operated wells. The company's revenue model is based on the exploration and development of its oil and gas reserves, from which it extracts fossil fuels that are then sold to third-party purchasers. The prices for oil and gas can fluctuate based on market conditions, impacting the company's earnings. Additionally, PEDEVCO may engage in strategic partnerships or joint ventures to optimize resource development and enhance operational efficiencies, which can also contribute to its revenue streams.

Pedevco Financial Statement Overview

Summary

Pedevco shows a solid financial position with strong equity and manageable debt levels. The company has demonstrated revenue growth and improved profitability, although past operational inefficiencies and current cash flow challenges remain areas to watch.

Income Statement

Pedevco has shown positive revenue growth with a 22.6% increase in the TTM compared to the previous year. Gross profit margin stands at 44.0% and net profit margin at 6.2%, indicating decent profitability. EBIT and EBITDA margins show improved operational efficiency. However, the company had negative EBIT in previous years, highlighting past operational challenges.

Balance Sheet

The company exhibits a strong equity position with an equity ratio of 93.2% in the TTM, reflecting financial stability. The debt-to-equity ratio is minimal at 0.002, suggesting low leverage risk. Return on equity is modest at 2.2%, indicating room for improving shareholder returns.

Cash Flow

Pedevco's free cash flow decreased significantly in the TTM, but the operating cash flow to net income ratio is robust at 8.8. The free cash flow to net income ratio indicates reliance on cash reserves for operations, highlighting potential liquidity management issues.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
37.74M	30.78M	30.03M	15.86M	8.06M	12.97M
	Gross Profit
16.63M	10.08M	8.48M	2.54M	-7.72M	-4.88M
	EBIT
6.17M	-198.00K	2.63M	-3.48M	-33.82M	-10.23M
	EBITDA
15.54M	14.95M	13.88M	6.18M	-21.25M	790.00K
	Net Income Common Stockholders
2.35M	264.00K	2.84M	-1.48M	-33.79M	-11.82M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
3.46M	18.52M	29.43M	25.93M	8.03M	22.41M
	Total Assets
67.53M	120.06M	116.11M	98.22M	79.56M	122.90M
	Total Debt
38.29M	316.00K	81.00K	195.00K	670.00K	397.00K
	Net Debt
34.83M	-18.20M	-29.35M	-25.73M	-7.36M	-22.02M
	Total Liabilities
50.55M	21.29M	19.65M	6.74M	3.93M	17.39M
	Stockholders Equity
16.97M	98.77M	96.46M	91.48M	75.64M	105.50M
Cash Flow		Free Cash Flow
1.26M	23.44M	3.73M	5.93M	-14.76M	468.00K
	Operating Cash Flow
20.60M	23.48M	15.98M	5.97M	12.00K	1.67M
	Investing Cash Flow
-30.19M	-35.74M	-12.27M	-2.76M	-14.77M	-39.74M
	Financing Cash Flow
-1.00K	0.00	35.00K	14.69M	370.00K	58.00M

Pedevco Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.63
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PED, the sentiment is Positive. The current price of 0.63 is above the 20-day moving average (MA) of 0.56, above the 50-day MA of 0.62, and below the 200-day MA of 0.80, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.07 is Neutral, neither overbought nor oversold. The STOCH value of 81.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PED.

Pedevco Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PED	62 Neutral	$57.18M	3.26	15.47%	―	28.49%	6115.63%
PRT	57 Neutral	$47.20M	8.57	7.52%	11.72%	-16.25%	-17.58%
Sector *	57 Neutral	$7.20B	3.42	-3.69%	5.69%	0.56%	-50.74%
PVL	54 Neutral	$51.15M	18.25	6.10%	5.48%	-80.46%	-51.76%
KLXE	42 Neutral	$37.21M	―	-375.26%	―	-16.38%	-359.80%

Pedevco Corporate Events

Pedevco Enhances Compensation with Stock and Bonuses

On January 23, 2025, Pedevco Corp. issued a significant number of restricted common stock shares and options to its officers and employees as part of its 2024 annual compensation review. This issuance included 1,844,118 shares and options to purchase 464,000 shares under the company’s 2021 Equity Incentive Plan, demonstrating a strategic move to incentivize and retain key personnel. The company’s board also approved cash bonuses for several executives, underscoring its commitment to rewarding leadership and aligning employee interests with company goals.