Pedevco (PED) AI Stock Analysis

• Market Cap: $58.86M
• Dividend Yield: N/A
• Average Volume (3M): 414.69K
• Price to Earnings (P/E): 3.3
• Beta (1Y): 0.50
• Revenue Growth: 28.49%
• EPS Growth: 6115.63%
• Country: US
• Employees: 14
• Sector: Energy
• Sector Strength: 44
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 91,829,350
• 10 Day Avg. Volume: 103,454
• 30 Day Avg. Volume: 414,685
• PEG Ratio: -0.68
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.10
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 0.30
• Enterprise Value/Gross Profit: 2.89
• Enterprise Value/Ebitda: 0.67
• 1Y Price Target: $2.15
• Price Target Upside: 235.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: ―

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., 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.

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 presents a mixed financial performance with strengths in balance sheet stability and recent profitability improvements. Despite a decline in revenue and operating cash flow in 2024, the company has demonstrated effective cost management and maintains a solid equity position. However, the volatility in revenue and operating cash flow suggests the need for strategic initiatives to stabilize income streams and enhance cash generation.

Income Statement

The income statement reveals a volatile revenue trend with significant fluctuations over the years. The company showed a decrease in total revenue from $30.78M in 2023 to $0 in 2024, indicating potential operational challenges or strategic shifts. However, the net income improved significantly in 2024 to $17.79M, up from $0.264M in 2023, driven by cost management as evidenced by increased EBIT and EBITDA margins.

Balance Sheet

The balance sheet is strong with a high equity ratio of approximately 90.5% in 2024, reflecting financial stability and low leverage. The debt-to-equity ratio remains very low, suggesting minimal reliance on debt financing. The increase in stockholders' equity from $98.77M in 2023 to $121.1M in 2024 indicates a robust equity base.

Cash Flow

The cash flow statement shows a decline in operating cash flow from $23.48M in 2023 to $12.77M in 2024, which could raise concerns about cash generation capabilities. However, the company maintains a positive free cash flow, demonstrating an ability to cover capital expenditures and operational needs. The free cash flow to net income ratio is strong, reflecting efficient cash conversion.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	39.55M	30.78M	30.03M	15.86M	8.06M
Gross Profit	11.18M	10.08M	8.48M	2.54M	-7.72M
EBITDA	20.82M	14.95M	13.88M	6.18M	-21.25M
Net Income	17.79M	264.00K	2.84M	-1.48M	-33.79M
Balance Sheet
Total Assets	133.84M	120.06M	116.11M	98.22M	79.56M
Cash, Cash Equivalents and Short-Term Investments	4.01M	18.52M	29.43M	25.93M	8.03M
Total Debt	228.00K	316.00K	81.00K	195.00K	670.00K
Total Liabilities	12.74M	21.29M	19.65M	6.74M	3.93M
Stockholders Equity	121.10M	98.77M	96.46M	91.48M	75.64M
Cash Flow
Free Cash Flow	12.60M	23.44M	3.73M	5.93M	-14.76M
Operating Cash Flow	12.77M	23.48M	15.98M	5.97M	12.00K
Investing Cash Flow	-26.87M	-35.74M	-12.27M	-2.76M	-14.77M
Financing Cash Flow	0.00	0.00	35.00K	14.69M	370.00K

Pedevco Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PED, the sentiment is Neutral. The current price of 0.64 is below the 20-day moving average (MA) of 0.65, below the 50-day MA of 0.64, and below the 200-day MA of 0.75, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.74 is Neutral, neither overbought nor oversold. The STOCH value of 79.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PED.

Pedevco Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PED	62 Neutral	$58.86M	3.34	15.47%	―	28.49%	6115.63%
Sector *	52 Neutral	C$2.95B	-1.50	-3.48%	5.85%	2.89%	-49.51%
CRT	―	$58.86M	9.86	240.32%	4.41%	―	―
PVL	54 Neutral	$58.74M	20.82	6.10%	1.95%	-80.46%	-51.76%
VOC	―	$50.66M	4.75	87.09%	17.51%	―	―
PRT	57 Neutral	$49.15M	8.93	7.52%	13.24%	-16.25%	-17.58%
KLXE	43 Neutral	$30.81M	―	-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.