PED PEDEVCO Corp.

Pedevco (PED) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Pedevco (PED) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Revenue surged 561% year-over-year to $46.1 million following the Juniper merger.

Moby summary of PEDEVCO Corp.'s Q2 2026 earnings call

Pedevco (NYSEAMERICAN:PED) reported second-quarter 2026 results that reflected the larger production base acquired through its merger with the Juniper portfolio companies, while management highlighted debt reduction, operating-cost optimization and plans for a more active development program in the

Company expands 2026 development program to over 20 gross wells following BLM litigation resolution, while maintaining full-year adjusted EBITDA guidance of $60-$70 million.

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