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An update from Pedevco ( (PED) ) is now available.
On May 5, 2026, PEDEVCO Corp. executed a Second Amendment to its Amended and Restated Credit Agreement with Citibank, N.A. and other lenders, modifying key financial definitions and schedules tied to its oil and gas collateral. The amendment adjusts the EBITDAX definition to increase caps on transaction cost add-backs and include estimated October 2025 EBITDAX from assets acquired from Juniper Capital Advisors, shifts the timing and structure of the EBITDAX Test Period toward a trailing twelve-month framework by September 30, 2026, and revises the borrowing base redetermination and reserve report delivery schedules starting mid-2026, providing the company with updated covenant mechanics aligned with its recent acquisitions and reserve profile.
The most recent analyst rating on (PED) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Pedevco stock, see the PED Stock Forecast page.
Spark’s Take on PED Stock
According to Spark, TipRanks’ AI Analyst, PED is a Neutral.
The score is held back primarily by volatile financial performance and the 2025 earnings collapse (despite a strong, low-leverage balance sheet and positive operating cash flow). Technicals are supportive with an established uptrend and moderate momentum, while valuation remains challenged due to losses (negative P/E). The earnings call adds support via clear 2026 EBITDA guidance and cost-optimization plans, but liquidity and commodity-sensitivity risks temper confidence.
To see Spark’s full report on PED stock, click here.
More about Pedevco
PEDEVCO Corp. is a Texas-based energy company focused on the acquisition, development, and production of oil and gas properties. Its operations are financed in part through a syndicated credit facility, with its reserves and borrowing base tied closely to the performance and valuation of its upstream assets.
Average Trading Volume: 39,527
Technical Sentiment Signal: Buy
Current Market Cap: $187.1M
See more insights into PED stock on TipRanks’ Stock Analysis page.