Q3 2024 EPS Estimates for PEDEVCO Corp. (NYSE:PED) Boosted by Roth Capital

PEDEVCO Corp. (NYSE:PED) – Equities research analysts at Roth Capital boosted their Q3 2024 EPS estimates for PEDEVCO in a note issued to investors on Tuesday, June 18th. Roth Capital analyst J. White now expects that the company will post earnings of $0.02 per share for the quarter, up from their prior estimate of $0.01. The consensus estimate for PEDEVCO’s current full-year earnings is $0.03 per share. Roth Capital also issued estimates for PEDEVCO’s Q4 2024 earnings at $0.01 EPS and FY2024 earnings at $0.05 EPS.

PEDEVCO (NYSE:PED) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $8.12 million during the quarter, compared to analysts’ expectations of $6.47 million. PEDEVCO had a net margin of 3.99% and a return on equity of 1.31%.

Separately, StockNews.com initiated coverage on shares of PEDEVCO in a research report on Thursday. They set a “sell” rating for the company.

PEDEVCO Price Performance

Shares of NYSE:PED opened at $0.83 on Friday. The business has a 50-day moving average of $0.93 and a two-hundred day moving average of $0.82. The firm has a market capitalization of $74.18 million, a PE ratio of 85.14 and a beta of 0.54. PEDEVCO has a 12 month low of $0.61 and a 12 month high of $1.13.

PEDEVCO Company Profile

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.