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The latest announcement is out from Pedevco ( (PED) ).
On October 31, 2025, PEDEVCO Corp. entered into an Amended and Restated Credit Agreement providing an initial $120 million borrowing base and up to $250 million in revolving credit capacity, under which it borrowed $87 million in connection with recently closed mergers, and on January 8, 2026, the company drew an additional $6 million to fund participation in certain non-operated well operations and other payables. The incremental borrowing was subject to approval by holders of PEDEVCO’s Series A Convertible Preferred Stock, which possess rights to approve new indebtedness above $500,000; on January 6, 2026, majority holders North Peak Oil & Gas Holdings, LLC and Century Oil and Gas Holdings, LLC granted that approval via written consent, underscoring preferred shareholders’ influential role in the company’s capital structure and funding decisions.
The most recent analyst rating on (PED) stock is a Buy with a $0.62 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 Outperform.
The score is driven primarily by solid financial strength—especially very low leverage and strong recent free cash flow—offset by deterioration in TTM core operating metrics (negative operating margin and lower gross margin). Technicals are mildly constructive but not strongly trending, and valuation appears reasonable at ~12x earnings.
To see Spark’s full report on PED stock, click here.
More about Pedevco
PEDEVCO Corp. is an energy company operating in the oil and gas sector, focused on the development and participation in well operations, including non-operated wells, with access to significant revolving credit facilities to support its drilling and development activities.
Average Trading Volume: 175,754
Technical Sentiment Signal: Sell
Current Market Cap: $51.61M
See more data about PED stock on TipRanks’ Stock Analysis page.