Pedevco Corp is a US-listed company in the oil & gas exploration & production industry. Its financial year ends in December.
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Third-party market data · may be delayed
Under review: every model's value for Pedevco Corp is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.
Under review: data-quality checks not passed. We'll show the comparison once resolved.
Pedevco Corp valuation: adjust assumptions and compare models →
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months to June 2026 was $116m, up 229.4% on a year earlier, faster than the 92.3% growth a quarter earlier. Free-cash-flow margin fell to 26.7% from 50.9% a year earlier. Operating margin widened to 14.0% from -1.8%. It passes 0 of our 3 financial-health checks.
Our model value for Pedevco is under review, so past values are not shown until it is resolved.
Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Pedevco Corp's trailing-twelve-month revenue grew 229.4% year on year, with a free-cash-flow margin of 26.7%.
Our discounted-cash-flow model values the business at ~$85 per share in the base case (~$65–$110 across growth scenarios) — model values under stated assumptions, not a price target.
Current signal Revenue growth accelerating: TTM revenue growth rose to 229.4% (+137.1pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Pedevco Corp as an oil and gas producer, with every model that fits that kind of business. Cost of equity 7.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.61 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Proved-reserve net asset value The SEC standardised measure of the company's proved oil and gas reserves (future net cash flows after tax at SEC average prices, discounted at 10%) less debt and other claims, per share. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$2.8 ~$1.3–$5.6 | Left out: out of range vs price (0.18x) |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Pedevco Corp with oil and gas producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Share price | $6.40 | $15.14 | $33.20 | $30.20 | $21.20 | $22.00 | $15.40 | $15.56 | $11.20 |
| Market value | $4m | $9m | $85m | $109m | $85m | $94m | $67m | $69m | $52m |
| + Net debt (− = net cash) | $70m | $35m | −$22m | −$8m | −$26m | −$29m | −$19m | −$4m | −$3m |
| Enterprise value | $74m | $44m | $63m | $101m | $59m | $65m | $48m | $65m | $48m |
| Multiples | |||||||||
| Price / sales | 1.2x | 1.9x | 6.6x | 13.5x | 5.3x | 3.1x | 2.2x | 1.8x | 1.1x |
| Price / earnings | — | 0.2x | — | — | — | 33.1x | 39.4x | 5.6x | — |
| Price / free cash flow | — | — | 154.9x | n/m | 14.3x | 5.9x | 2.9x | 16.7x | 4.8x |
| EV / EBITDA | — | — | 77.9x | — | 10.7x | 4.7x | 4.0x | 3.2x | 4.8x |
Weak moat
How hard Pedevco's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
Net income has been a median -1.6% of total assets over 10 years.
Operating margin has been a median -1.8%; its worst year was -770.7%.
Free cash flow was positive in 6 of 8 years, at a median 34.4% of revenue.
The diluted share count rose 1760.6% over five years; stock-based pay has been a median 10.1% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.82 | +218% | $150m | +228% |
| Next | $1.19 | +45% | $142m | −5% |
Next year's EPS estimate has moved +46.9% in 90 days, across 2 analysts.
The consensus EPS forecast for the current fiscal year is +17.1% on 90 days ago. In the last 30 days, 1 analyst raised Pedevco Corp's forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $0.70 | $0.81 |
| 60 days ago | $0.70 | $0.81 |
| 30 days ago | $0.70 | $0.81 |
| 7 days ago | $0.70 | $1.10 |
| Now | $0.82 | $1.19 |
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.35 | $0.44 | +22.6% |
| Mar 2026 | $0.47 | $0.81 | +73.2% |
| Dec 2025 | −$0.20 | −$0.69 | −245.1% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| PED | −30% | +4% | −30% | +1% | −28% | +37% |
| Industry peers (median) | +88% | +55% | −8% | +2% | −15% | +17% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| PED | 50% | 42% | 42% | 50% | 42% | 55% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| PED | −68% | −55% | −33% | −33% | −52% | −45% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since November 3, 2015: 91% from July 5, 2016 to February 28, 2018. Getting back needed a 988% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 13, 2026 | +11.1% | +0.5% | +15.8% | +39.1% |
| May 14, 2026 | +11.3% | −0.4% | +1.6% | −13.5% |
| March 31, 2026 | −2.5% | +3.7% | −4.0% | −4.1% |
| March 19, 2026 | +5.9% | −1.7% | −10.7% | −11.9% |
| February 25, 2026 | −1.5% | +0.3% | −3.0% | +25.0% |
| November 17, 2025 | −5.9% | −1.8% | −19.2% | −4.0% |
| October 29, 2025 | −9.4% | −1.1% | −8.8% | −30.1% |
| August 14, 2025 | −3.2% | −0.2% | −4.8% | −4.7% |
| May 20, 2025 | +3.4% | −2.0% | +0.8% | +15.4% |
| May 15, 2025 | −2.2% | +1.1% | −0.5% | +3.1% |
| March 31, 2025 | −0.6% | +1.0% | −26.3% | −22.1% |
| February 4, 2025 | +3.8% | +1.1% | +3.1% | −8.6% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $30M |
| FY23 Q4 | $30.8M |
| FY24 Q1 | $30.7M |
| FY24 Q2 | $34M |
| FY24 Q3 | $35.7M |
| FY24 Q4 | $39.6M |
| FY25 Q1 | $40.2M |
| FY25 Q2 | $35.3M |
| FY25 Q3 | $33.2M |
| FY25 Q4 | $45.8M |
| FY26 Q1 | $77.2M |
| FY26 Q2 | $116.4M |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY23 Q3 | 4.7% |
| FY23 Q4 | 2.5% |
| FY24 Q1 | -1.2% |
| FY24 Q2 | 12.9% |
| FY24 Q3 | 19.2% |
| FY24 Q4 | 28.5% |
| FY25 Q1 | 30.7% |
| FY25 Q2 | 3.9% |
| FY25 Q3 | -6.9% |
| FY25 Q4 | 15.7% |
| FY26 Q1 | 92.3% |
| FY26 Q2 | 229.4% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q3 | 3.7% |
| FY23 Q4 | 4.0% |
| FY24 Q1 | 0.7% |
| FY24 Q2 | 4.0% |
| FY24 Q3 | 9.4% |
| FY24 Q4 | 12.0% |
| FY25 Q1 | 10.6% |
| FY25 Q2 | -1.8% |
| FY25 Q3 | -12.9% |
| FY25 Q4 | -17.2% |
| FY26 Q1 | -1.7% |
| FY26 Q2 | 14.0% |
Source: SEC EDGAR filings. Retrieved October 29, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q3 | 48.1% |
| FY23 Q4 | 76.3% |
| FY24 Q1 | 56.6% |
| FY24 Q2 | 45.3% |
| FY24 Q3 | 57.7% |
| FY24 Q4 | 32.3% |
| FY25 Q1 | 57.2% |
| FY25 Q2 | 50.9% |
| FY25 Q3 | 51.5% |
| FY25 Q4 | 23.5% |
| FY26 Q1 | 19.9% |
| FY26 Q2 | 26.7% |
| Fiscal year | 2012 Dec 2012 | 2017 Dec 2017 | 2018 Dec 2018 | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | |||||||||||
| Revenue | 1 | 3 | 5 | 13 | 8 | 16 | 30 | 31 | 40 | 46 | 116 |
| EBITDA | −11 | −20 | −2 | 1 | −22 | 6 | 14 | 12 | 21 | 10 | 50 |
| Operating income | −11 | −24 | −9 | −10 | −34 | −2 | 3 | 1 | 5 | −8 | 16 |
| Net income | −12 | −36 | 54 | −11 | −33 | −1 | 3 | 2 | 12 | −10 | −17 |
| Diluted EPS | −$194.00 | −$62.20 | $4.74 | −$4.40 | −$9.00 | −$0.02 | $0.03 | $0.02 | $2.76 | −$2.25 | — |
| Growth (year on year) | |||||||||||
| Revenue | — | +291.5% | +50.0% | +186.8% | −37.9% | +96.8% | +89.4% | +2.5% | +28.5% | +15.7% | +229.4% |
| EBITDA | — | — | — | — | <−999% | — | +150.0% | −12.1% | +70.4% | −50.8% | +236.4% |
| Operating income | — | — | — | — | — | — | — | −53.0% | +281.3% | −266.5% | — |
| Net income | — | — | — | −120.7% | — | — | — | −40.3% | +623.5% | −184.3% | −332.8% |
| Diluted EPS | — | — | — | −192.8% | — | — | — | −33.3% | +>999% | −181.5% | — |
| Margins | |||||||||||
| EBITDA margin | <−999% | −657.3% | −37.0% | 6.2% | −278.9% | 34.8% | 45.9% | 39.3% | 52.2% | 22.2% | 42.7% |
| Operating margin | <−999% | −781.8% | −199.1% | −78.8% | −419.7% | −11.8% | 8.8% | 4.0% | 11.9% | −17.2% | 14.0% |
| Net margin | <−999% | <−999% | >999% | −85.6% | −405.6% | −8.2% | 9.5% | 5.5% | 31.1% | −22.6% | −14.6% |
| Free-cash-flow margin | −364.4% | −7.8% | −105.3% | 4.2% | 0.1% | 37.4% | 53.2% | 76.1% | 10.5% | 23.5% | 26.7% |
| Cash flow | |||||||||||
| Cash from operations | −3 | −0 | −1 | 2 | 0 | 6 | 16 | 23 | 13 | 11 | 31 |
| Capital spending | 0 | 0 | 3 | 1 | 0 | 0 | 0 | 0 | 9 | 0 | 0 |
| Free cash flow | −3 | −0 | −5 | 1 | 0 | 6 | 16 | 23 | 4 | 11 | 31 |
| Stock-based pay | 1 | 1 | 1 | 2 | 3 | 2 | 2 | 2 | 2 | 3 | — |
| Free cash flow after stock pay | −3 | −1 | −6 | −1 | −3 | 3 | 14 | 21 | 2 | 8 | — |
| Balance sheet | |||||||||||
| Cash | 2 | 1 | 3 | 22 | 8 | 26 | 29 | 19 | 4 | 3 | 11 |
| Total debt | 0 | 71 | 38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net debt (negative = net cash) | −2 | 70 | 35 | −22 | −8 | −26 | −29 | −19 | −4 | −3 | −11 |
| Diluted shares | 62m | — | — | 3m | 4m | 4m | 4m | 4m | 4m | 5m | — |
| Returned to shareholders | |||||||||||
| Buybacks | — | 0 | — | — | — | — | — | — | — | — | — |
| Total returned | — | 0 | — | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 9 | 11 | 9 | 7 | 7 | 23 | 40 | 46 |
| EBITDA | 6 | 4 | 3 | 2 | 3 | 2 | 19 | 26 |
| Operating income | 3 | −1 | 0 | −2 | −1 | −5 | 7 | 15 |
| Net income | 3 | 6 | 0 | −2 | −0 | −9 | −26 | 17 |
| Diluted EPS | $0.03 | $2.69 | $0.03 | −$0.37 | $0.00 | −$2.23 | −$3.28 | $1.31 |
| Growth (year on year) | ||||||||
| Revenue | +23.5% | +56.9% | +7.6% | −41.0% | −23.1% | +118.2% | +360.4% | +561.4% |
| EBITDA | +55.4% | — | −14.8% | −76.6% | −46.0% | −50.6% | +447.9% | +>999% |
| Operating income | +230.7% | — | −75.7% | −185.1% | −129.5% | — | — | — |
| Net income | +207.2% | — | −81.9% | −162.5% | −111.1% | −243.5% | — | — |
| Diluted EPS | +200.0% | — | −85.0% | −161.7% | −100.0% | −182.9% | — | — |
| Margins | ||||||||
| EBITDA margin | 65.0% | 35.8% | 40.0% | 23.1% | 45.6% | 8.1% | 47.6% | 55.3% |
| Operating margin | 31.3% | −12.8% | 1.7% | −32.2% | −12.0% | −21.3% | 16.7% | 33.3% |
| Net margin | 32.2% | 56.0% | 1.6% | −24.0% | −4.7% | −36.8% | −63.7% | 37.9% |
| Free-cash-flow margin | 91.2% | 39.9% | 67.9% | −6.0% | 106.3% | −9.3% | 26.2% | 33.3% |
| Cash flow | ||||||||
| Cash from operations | 8 | 4 | 6 | −0 | 7 | −2 | 11 | 15 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 8 | 4 | 6 | −0 | 7 | −2 | 11 | 15 |
| Stock-based pay | 0 | 0 | 0 | 0 | 1 | — | 0 | 0 |
| Free cash flow after stock pay | 8 | 4 | 5 | −1 | 7 | — | 10 | 15 |
| Last 12 months unless stated | PED | EPM | BATL | PNRG | SD | DMLP | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $116m | $86m | $163m | $179m | $180m | $192m | $1.3bn |
| Revenue growth, last 12 months | 229.4% | 0.6% | −12.0% | −19.4% | 23.2% | 13.9% | 11.0% |
| Revenue growth, 3-year average | 56.9% | −12.4% | −18.0% | 5.1% | −4.0% | 7.7% | 3.0% |
| Revenue growth, latest quarter | 561.4% | 14.7% | 12.4% | 1.2% | 48.0% | 73.1% | 31.9% |
| Gross margin | — | 41.7% | — | 96.8% | 98.2% | — | 75.2% |
| Operating margin | 14.0% | 4.0% | −3.2% | 26.6% | 41.1% | — | 19.9% |
| Operating margin, 3-year average | 5.4% | 6.0% | −1.6% | 20.4% | 36.3% | — | 15.8% |
| Net margin | −14.6% | −2.8% | −24.5% | 13.9% | 46.1% | 45.5% | 9.9% |
| Cash from operations / revenue | 26.7% | 27.2% | 16.6% | 55.0% | 66.2% | 81.5% | 42.1% |
| Free-cash-flow margin | 26.7% | 0.6% | −2.7% | 27.3% | 23.6% | 81.5% | 20.5% |
| Free-cash-flow margin, 3-year average | 41.0% | 13.0% | −49.3% | 9.9% | 37.2% | 81.3% | 19.2% |
| Stock pay / revenue | 5.8% | 2.7% | −0.1% | — | 1.6% | — | 1.5% |
| Change in share count | 2.6% | 2.8% | 45.1% | −3.0% | −0.2% | 5.6% | 0.5% |
| Line of business | Revenue | Share | YoY |
|---|---|---|---|
| Oil Sales | $40.2M | 87.9% | ▲ 11.2% |
| Natural Gas Liquids Sales | $2.9M | 6.2% | ▲ 33.3% |
| Natural Gas Sales | $2.7M | 5.8% | ▲ 119.0% |
From Pedevco Corp's 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Juniper Capital Advisors, L.P. | $92.4M | 6.9M | 92.0% | 0.0% |
| Vanguard Capital Management LLC | $2.5M | 187K | 2.5% | ▲ 220.7% |
| Blackrock, Inc. | $1.7M | 123K | 1.7% | New |
| Morgan Stanley | $1.6M | 116K | 1.6% | ▲ 30702.7% |
| Geode Capital Management, LLC | $500,146 | 37K | 0.5% | ▲ 149.5% |
| American Century Companies Inc | $273,898 | 20K | 0.3% | New |
| UBS Group AG | $266,387 | 20K | 0.3% | ▲ 186.6% |
| Nuveen, LLC | $172,235 | 13K | 0.2% | New |
| Vanguard Fiduciary Trust Co | $164,495 | 12K | 0.2% | ▲ 5.5% |
| State Street Corp | $152,435 | 11K | 0.2% | New |
| Northern Trust Corp | $150,658 | 11K | 0.2% | New |
| Bridgeway Capital Management, LLC | $142,797 | 11K | 0.1% | 0.0% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Pedevco Corp's complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Kukes Simon G 10% owner | October 8, 2026 | Buy | 147,070 | $13.00 | $1.9M |
| Clark Moore Executive VP | August 19, 2026 | Sell | 1,218 | $12.37 | $15,067 |
| Clark Moore Executive VP | August 18, 2026 | Sell | 5,277 | $12.53 | $66,121 |
| Clark Moore Executive VP | August 17, 2026 | Sell | 3,765 | $12.81 | $48,230 |
| Clark Moore Executive VP | June 30, 2026 | Sell | 18,797 | $14.67 | $275,752 |
| Willsher Martyn Director | May 26, 2026 | Buy | 13,428 | $14.29 | $191,886 |
| Willsher Martyn Director | May 22, 2026 | Buy | 6,572 | $14.74 | $96,871 |
| Pinkston Paul Anthony CAO | November 24, 2025 | Sell pre-set plan | 19,000 | $0.46 | $8,740 |
| Crook Jody D. CHIEF COMMERCIAL OFFICER | November 24, 2025 | Sell pre-set plan | 34,314 | $0.46 | $15,784 |
| Schick John Douglas President and CEO | November 24, 2025 | Sell pre-set plan | 66,666 | $0.46 | $30,666 |
| Clark Moore Executive VP | November 24, 2025 | Sell pre-set plan | 58,333 | $0.46 | $26,833 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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