PEDEVCO Corp.

PEDEVCO Corp.verified

PED

Price:

$1.005

Market Cap:

$89.94M

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.[Read more]

Industry

Oil & Gas Exploration & Production

IPO Date

2003-05-02

Stock Exchange

AMEX

Ticker

PED

The Current Ratio as of October 2024 (TTM) for PEDEVCO Corp. (PED) is 2.94

According to PEDEVCO Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 2.94. This represents a change of 28.72% compared to the average of 2.28 of the last 4 quarters.

PEDEVCO Corp. (PED) Historical Current Ratio (quarterly & annually)

How has PED Current Ratio performed in the past?

The mean historical Current Ratio of PEDEVCO Corp. over the last ten years is 1.75. The current 2.94 Current Ratio has changed 16.68% with respect to the historical average. Over the past ten years (40 quarters), PED's Current Ratio was at its highest in in the June 2021 quarter at 9.27. The Current Ratio was at its lowest in in the March 2016 quarter at 0.20.

Quarterly (TTM)
Annual

Average

1.75

Median

1.04

Minimum

0.39

Maximum

5.41

PEDEVCO Corp. (PED) Current Ratio by Quarter and Year

Discovering the peaks and valleys of PEDEVCO Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 148.62%

Maximum Annual Current Ratio = 5.41

Minimum Annual Increase = -65.02%

Minimum Annual Current Ratio = 0.39

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.30-31.22%
20221.89-65.02%
20215.4122.29%
20204.43148.62%
20191.78130.80%
20180.7786.55%
20170.415.58%
20160.39-39.69%
20150.6537.23%
20150.470.66%

PEDEVCO Corp. (PED) Average Current Ratio

How has PED Current Ratio performed in the past?

The current Current Ratio of PEDEVCO Corp. (PED) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages

3-year avg

2.87

5-year avg

2.96

10-year avg

1.75

PEDEVCO Corp. (PED) Current Ratio vs. Peers

How is PED’s Current Ratio compared to its peers?

PEDEVCO Corp.’s Current Ratio is greater than Earthstone Energy, Inc. (0.47), greater than Callon Petroleum Company (0.39), greater than Gran Tierra Energy Inc. (0.75), greater than Permian Resources Corporation (0.50), less than PermRock Royalty Trust (0), less than Hugoton Royalty Trust (3.05), greater than MV Oil Trust (0), greater than San Juan Basin Royalty Trust (0), greater than Sabine Royalty Trust (0), less than Ring Energy, Inc. (11.20), greater than PetroTal Corp. (0.50), greater than Obsidian Energy Ltd. (2.55), greater than VAALCO Energy, Inc. (0.49), greater than Epsilon Energy Ltd. (1.19), greater than PrimeEnergy Resources Corporation (2.47), greater than Crescent Energy Company (0.61), greater than SilverBow Resources, Inc. (1.87), greater than Evolution Petroleum Corporation (0.63), greater than null (1.37),

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