Critical Analysis: PEDEVCO (PED) & Its Rivals

PEDEVCO (NYSE:PEDGet Rating) is one of 278 public companies in the “Crude petroleum & natural gas” industry, but how does it weigh in compared to its rivals? We will compare PEDEVCO to related businesses based on the strength of its institutional ownership, analyst recommendations, risk, dividends, valuation, profitability and earnings.

Profitability

This table compares PEDEVCO and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
PEDEVCO -8.19% -1.49% -1.41%
PEDEVCO Competitors -14.35% 0.23% 6.75%

Analyst Recommendations

This is a breakdown of current recommendations and price targets for PEDEVCO and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
PEDEVCO 0 0 0 0 N/A
PEDEVCO Competitors 2221 10955 15743 620 2.50

As a group, “Crude petroleum & natural gas” companies have a potential upside of 23.02%. Given PEDEVCO’s rivals higher possible upside, analysts plainly believe PEDEVCO has less favorable growth aspects than its rivals.

Institutional & Insider Ownership

7.5% of PEDEVCO shares are held by institutional investors. Comparatively, 48.9% of shares of all “Crude petroleum & natural gas” companies are held by institutional investors. 70.3% of PEDEVCO shares are held by insiders. Comparatively, 10.3% of shares of all “Crude petroleum & natural gas” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Volatility & Risk

PEDEVCO has a beta of 0.88, suggesting that its stock price is 12% less volatile than the S&P 500. Comparatively, PEDEVCO’s rivals have a beta of 1.34, suggesting that their average stock price is 34% more volatile than the S&P 500.

Earnings & Valuation

This table compares PEDEVCO and its rivals top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
PEDEVCO $15.86 million -$1.30 million -117.00
PEDEVCO Competitors $8.99 billion $558.24 million 2.65

PEDEVCO’s rivals have higher revenue and earnings than PEDEVCO. PEDEVCO is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

PEDEVCO rivals beat PEDEVCO on 8 of the 10 factors compared.

About PEDEVCO (Get Rating)

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. As of December 31, 2021, the company held approximately 32,870 net Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico; and approximately 11,580 net Denver-Julesberg (D-J) Basin acres located in Weld and Morgan Counties, Colorado. It had interests in 385 net wells in Permian Basin Asset; and 78 net wells in (D-J) Basin Asset. The company is headquartered in Houston, Texas. PEDEVCO Corp. is a subsidiary of SK Energy LLC.

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