Pedevco (NYSEAMERICAN:PED) Announces Earnings Results

Pedevco (NYSEAMERICAN:PED) issued its quarterly earnings results on Friday. The company reported $0.00 EPS for the quarter, FiscalAI reports. Pedevco had a net margin of 36.22% and a return on equity of 10.27%. The firm had revenue of $6.96 million for the quarter.

Pedevco Price Performance

Shares of PED opened at $0.57 on Friday. The firm’s 50 day moving average is $0.59 and its 200-day moving average is $0.62. Pedevco has a 12-month low of $0.47 and a 12-month high of $1.00. The stock has a market capitalization of $52.81 million, a P/E ratio of 4.10 and a beta of 0.20.

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.