Roth Capital Has Pessimistic Outlook of PEDEVCO Q2 Earnings

PEDEVCO Corp. (NYSE:PED) – Roth Capital decreased their Q2 2025 earnings per share (EPS) estimates for PEDEVCO in a report released on Thursday, June 5th. Roth Capital analyst J. White now anticipates that the company will earn $0.00 per share for the quarter, down from their previous forecast 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.

Several other equities research analysts also recently issued reports on PED. D. Boral Capital reissued a “buy” rating and set a $1.50 price objective on shares of PEDEVCO in a research report on Tuesday, May 20th. Wall Street Zen assumed coverage on PEDEVCO in a report on Thursday, May 22nd. They set a “sell” rating for the company.

PEDEVCO Stock Performance

NYSE PED opened at $0.64 on Monday. The business has a 50 day simple moving average of $0.58 and a 200 day simple moving average of $0.71. PEDEVCO has a 52-week low of $0.47 and a 52-week high of $1.10. The stock has a market cap of $58.77 million, a price-to-earnings ratio of 32.19 and a beta of 0.41.

Hedge Funds Weigh In On PEDEVCO

Several hedge funds have recently made changes to their positions in PED. Citadel Advisors LLC grew its stake in shares of PEDEVCO by 232.5% during the 4th quarter. Citadel Advisors LLC now owns 186,415 shares of the company’s stock worth $145,000 after acquiring an additional 130,349 shares in the last quarter. Renaissance Technologies LLC grew its position in PEDEVCO by 19.7% in the fourth quarter. Renaissance Technologies LLC now owns 292,736 shares of the company’s stock valued at $228,000 after purchasing an additional 48,132 shares in the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of PEDEVCO by 129.9% in the 4th quarter. Virtu Financial LLC now owns 38,045 shares of the company’s stock valued at $30,000 after acquiring an additional 21,499 shares in the last quarter. 3.26% of the stock is owned by institutional investors.

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.