Pedevco (NYSEAMERICAN:PED) Lowered to Strong Sell Rating by Zacks Research

Posted by on Jun 10th, 2026

Zacks Research lowered shares of Pedevco (NYSEAMERICAN:PED – Free Report) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.

Pedevco Stock Down 1.6%

Shares of PED stock opened at $13.20 on Monday. Pedevco has a 1 year low of $8.64 and a 1 year high of $18.89. The stock has a market cap of $175.56 million, a PE ratio of 440.15 and a beta of 0.20. The business’s fifty day moving average is $15.10 and its 200-day moving average is $13.21. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.68.

Pedevco (NYSEAMERICAN:PED – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($3.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($3.90). Pedevco had a negative net margin of 46.78% and a negative return on equity of 3.20%. The firm had revenue of $40.22 million for the quarter, compared to analyst estimates of $37.65 million. Equities analysts expect that Pedevco will post 1.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Martyn Willsher purchased 13,428 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $14.29 per share, for a total transaction of $191,886.12. Following the transaction, the director owned 25,727 shares in the company, valued at $367,638.83. This trade represents a 109.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 70.40% of the company’s stock.

Hedge Funds Weigh In On Pedevco

A hedge fund recently bought a new stake in Pedevco stock. Juniper Capital Advisors L.P. bought a new position in Pedevco Corp. (NYSEAMERICAN:PED – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 196,359 shares of the company’s stock, valued at approximately $110,000. Pedevco comprises about 0.0% of Juniper Capital Advisors L.P.’s portfolio, making the stock its 2nd biggest position. Juniper Capital Advisors L.P. owned approximately 0.21% of Pedevco at the end of the most recent quarter. 3.26% of the stock is currently owned by institutional investors and hedge funds.

About Pedevco

(Get Free Report)

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.

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