Brokers Issue Forecasts for PEDEVCO’s Q2 Earnings (NYSE:PED)

PEDEVCO Corp. (NYSE:PED) – Stock analysts at Roth Capital dropped their Q2 2025 EPS estimates for PEDEVCO in a research report issued on Thursday, June 5th. Roth Capital analyst J. White now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.01. The consensus estimate for PEDEVCO’s current full-year earnings is $0.06 per share. Roth Capital also issued estimates for PEDEVCO’s Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at $0.01 EPS.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen initiated coverage on shares of PEDEVCO in a research note on Thursday, May 22nd. They issued a “sell” rating for the company. D. Boral Capital reissued a “buy” rating and issued a $1.50 target price on shares of PEDEVCO in a research note on Tuesday, May 20th.

PEDEVCO Trading Down 0.0%

NYSE:PED opened at $0.65 on Monday. PEDEVCO has a 1-year low of $0.47 and a 1-year high of $1.10. The firm has a fifty day simple moving average of $0.58 and a 200 day simple moving average of $0.71. The stock has a market capitalization of $59.64 million, a PE ratio of 32.67 and a beta of 0.41.

Hedge Funds Weigh In On PEDEVCO

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC boosted its position in PEDEVCO by 129.9% during the fourth quarter. Virtu Financial LLC now owns 38,045 shares of the company’s stock worth $30,000 after purchasing an additional 21,499 shares during the period. Citadel Advisors LLC lifted its holdings in shares of PEDEVCO by 232.5% during the fourth quarter. Citadel Advisors LLC now owns 186,415 shares of the company’s stock worth $145,000 after buying an additional 130,349 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of PEDEVCO by 19.7% during the fourth quarter. Renaissance Technologies LLC now owns 292,736 shares of the company’s stock worth $228,000 after buying an additional 48,132 shares in the last quarter. 3.26% of the stock is owned by institutional investors.

About PEDEVCO

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.