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Pedevco (PED)

(Real Time Quote from BATS)

$1.00 USD

1.00
172,049

-0.02 (-1.96%)

Updated Oct 2, 2024 03:20 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth F Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 17% (44 out of 252)

Industry: Oil and Gas - Mechanical and and Equipment

Better trading starts here.

Zacks News

Saipem Secures Key Role in Libyan Offshore Gas Project Worth $8B

SAPMF states that it has pre-qualified for EPCC work for Production Platform E, allowing the company to construct one of the largest production platforms in the Mediterranean region.

Petrobras & Staatsolie Sign MoU to Explore Collaboration Opportunities

PBR believes that collaborating with Staatsolie might result in the adoption of more sustainable oil and gas practices, making its operations more resilient to climate change.

Suncor's Guilty Plea in 2019 Incident: Fines to be Imposed

SU pleads guilty to safety breach after a 2019 incident on Terra Nova vessel, resulting in fines and a mandated review of its safety protocols.

Petrofac Plans to Undergo Financial Restructuring to Boost Liquidity

POFCY's financial restructuring plan to convert a significant portion of its debt into equity is a significant step toward strengthening the company's balance sheet.

ExxonMobil Secures 20-Year Access to Guangdong Energy's LNG Terminal

The agreement with Guangdong Energy Group in China should allow XOM to use the terminal to handle 1.8 million tons of LNG per year.

Halliburton Launches Fully Automated Hydraulic Fracturing Service

HAL's Octiv Auto Frac service enables the implementation of fracture design without any human intervention, improving efficiency and safety in frac operations.

Vertex Energy Initiates Bankruptcy Proceedings, Shares Plunge

VTNR enters a Restructuring Support Agreement, supported by $80M Debtor-in-Possession financing, to continue day-to-day operations.

Shell Outbids Competitors to Secure Trinidad Shallow Water Block

SHEL's victory to secure a key shallow water block in Trinidad and Tobago is significant for increasing gas supply to its majority-owned Atlantic LNG project.

Repsol to Expand Ownership in Mexico's Block 29, Buy PTTEP's Stake

REPYY currently holds a 30% operating interest and serves as the operator of Block 29. The company is expected to increase its stake to 46.67%.

Shell Halts Blue Hydrogen Project in Norway Due to Non-feasibility

SHEL shelves its blue hydrogen project in Norway due to weak demand, highlighting challenges faced by the clean energy industries.

Petrobras Offers Constellation Two Drillship Contracts Worth $1B

PBR's contract with Constellation involves two ultra-deepwater drillships, Laguna Star and Tidal Action, expected to begin new contracts in third-quarter 2025.

Shell Struggles to Divest Its Stake in German Schwedt Refinery

SHEL's planned sale of a 37.5% stake in the Schwedt refinery encounters challenges owing to certain pending lawsuits by third parties.

SLB and Aramco to Develop Digital Solutions to Curb GHG Emissions

SLB and Aramco are working to develop digital solutions aimed at reducing greenhouse gas emissions. The idea is to consolidate these solutions into SLB's digital sustainability platform.

TechnipFMC Secures Two Petrobras Subsea Contracts in Brazil

FTI bags two major contracts from Petrobras to enhance subsea production systems, extending its expertise in Brazil's pre-salt oil fields.

Saipem Wins Major Offshore Contract for Marjan Field in Saudi Arabia

SAPMF's latest offshore contract falls under its existing Long-Term Agreement with Saudi Aramco. The contract is valued at approximately $2 billion.

ConocoPhillips Lands Natural Gas Supply Deal With German Energy Firm

COP signs a long-term agreement with Uniper to supply natural gas via pipelines and not as liquefied natural gas.

Chesapeake Energy's Merger Deal to Close Early in Q4 2024

CHK and SWN's all-stock deal is set to close early in the fourth quarter of this year after the FTC???s request for additional information postponed it.

Vallourec to Enhance Tubular Solutions Portfolio With New Acquisition

VLOWY is set to acquire 100% of the shares in Mattr's subsidiary, Thermotite do Brasil. The transaction is expected to take place on a cash-free and debt-free basis.

Saipem Secures Major Offshore Contract Worth $4B From QatarEnergy

SAPMF's latest contract win is part of the North Field production sustainability offshore compression complexes program.

Saipem's Scarabeo 8 Semi-Submersible Rig to Stay in Norway till 2026

SAPMF's sixth-generation semi-submersible drilling rig secures a contract extension with Aker BP, prolonging its stay in the Norwegian Continental Shelf.

BP Launches Green Hydrogen Initiative to Promote Decarbonization

BP's 25 MW green hydrogen project, in partnership with Iberdrola, is set to be developed through their 50-50 joint venture Castellon Green Hydrogen S.L.

TC Energy's Pipeline Deal With Indigenous Communities Hits Snag

TRP continues to focus on finalizing a deal with an indigenous-owned investment partnership for the NGTL System and the Foothills Pipeline assets.

Saipem Launches XolarSurf's First Prototype for Testing in Norway

SAPMF's XolarSurf is a floating solar energy system designed for harsh offshore environments. The solution can produce electricity from solar panels fitted on floaters.

Transocean Secures New Drilling Assignment in the Gulf of Mexico

Work related to RIG's new eighth-generation drillship, Deepwater Atlas, is expected to begin in the second quarter of 2028.

Zacks Industry Outlook Highlights Oil States International, PEDEVCO and Profire Energy

Oil States International, PEDEVCO and Profire Energy have been highlighted in this Industry Outlook article.