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Pedevco (PED)

(Delayed Data from AMEX)

$0.91 USD

0.91
60,594

0.00 (0.01%)

Updated Nov 1, 2024 04:00 PM ET

After-Market: $0.90 -0.01 (-1.09%) 7:58 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 Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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4-Sell of 5       4  

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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

B Value B Growth F Momentum B 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

Bottom 30% (175 out of 250)

Industry: Oil and Gas - Mechanical and and Equipment

Better trading starts here.

Zacks News

RRC Beats on Q3 Earnings & Revenues, Ups '24 Production View

Range Resources' Q3 earnings benefit from increased production volumes and higher realized prices for natural gas liquids.

Matador Beats on Q3 Earnings, Raises 2024 Output View

High total production volume and decreased operating expenses aid MTDR's earnings in Q3.

Baker Hughes Q3 Earnings Beat Estimates, Revenues Miss

BKR's Q3 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, driven by margin expansion.

Are Investors Undervaluing Pedevco (PED) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

ExxonMobil's $1.28B Asset Sale to Seplat Gets Nigeria's Approval

Nigeria approves XOM's $1.28 billion sale of onshore assets to Seplat Energy, ending over two years of regulatory delays and marking a shift toward offshore investments.

Enbridge Eyes New Financial Partnership With Indigenous Communities

ENB has invited certain indigenous communities in Canada to a meeting to discuss the agreement in Edmonton, Alberta, to sell a stake in some of its pipelines in November this year.

SLB to Sell Palliser Block Assets in Alberta by Late Q4 2024

SLB enters into a definitive agreement to sell its Palliser Block assets in Alberta as part of its strategic focus on energy technology. The deal is set to be closed in late Q4 2024.

Shell's Onshore Oil Field Sale Worth $1.3B in Nigeria Suffers Setback

SHEL's onshore oil market divestment gets stalled by the Nigerian oil regulator as the Renaissance Group is deemed unqualified to manage the assets.

BP Plans to Divest Offshore Wind Stakes, Cut Back on Renewables

BP remains focused on developing offshore wind projects. However, the company will prioritize its high-margin businesses rather than aggressively reducing emissions.

Cheniere Energy Gets FERC Approval for New LNG Supply Line Startup

LNG states that it intends to achieve first liquefied natural gas production from Corpus Christi Stage 3 by year-end 2024. LNG is the second largest producer of natural gas globally.

Is MPLX LP (MPLX) Outperforming Other Oils-Energy Stocks This Year?

Here is how MPLX LP (MPLX) and Pedevco Corp. (PED) have performed compared to their sector so far this year.

Phillips 66 to Close Los Angeles Refinery Due to Low Profits

PSX plans to shut its Los Angeles refinery by late 2025, citing market dynamics and lower profits, leaving California to face further fuel supply challenges.

SLB Q3 Earnings Beat Estimates, Revenues Rise Year Over Year

SLB's Q3 earnings benefit from broad-based growth and margin expansion in the Middle East, Asia and offshore North America, alongside cost optimization and digital solutions.

Kinder Morgan Q3 Earnings Miss Estimates, Revenues Fall Y/Y

KMI Q3 earnings get affected by decreased financial contributions from two segments. However, this is partially offset by lower total costs and expenses.

NBR Inks $372M Deal to Snap Up Parker Wellbore: Here's Why

Nabors Industries agreed to acquire Parker Wellbore: A move to strengthen global drilling services.

ExxonMobil Eyes $500M Sale of Bakken Shale Assets in North Dakota

XOM plans to sell part of its North Dakota Bakken shale assets. This move is expected to generate more than $500 million as the company refocuses on high-growth regions.

BP Faces Headwinds Over Weaker Refining Margins & Sluggish Oil Demand

BP's third-quarter refining margins are expected to drop $400-$600 million sequentially. The company also anticipates higher net debt in the quarter.

Petrobras, Shell and CNOOC Sign Contracts to Expand in Brazil

PBR signs contracts for offshore blocks in Brazil along with Shell and CNOOC, solidifying its diversification plan and boosting energy reserves for the future.

NNPC-Shell JV Agrees to Supply Gas to $3.3 Billion Methanol Project

SHEL and its partners, including NNPC, join hands to supply gas to Brass Fertilizer to start a $3.3 billion project.

Phillips 66 to Offload 49% Stake in Coop Mineraloel to Swiss JV

PSX states that the proceeds from the sale of 49% of its non-operated equity interest in Coop Mineraloel will support its priorities, including shareholder returns.

Petrofac to Support Marathon Oil's Key Assets in Equatorial Guinea

POFCY states that the new agreement with MRO reflects its reputation as an efficient service provider, focused on creating value for its clients.

Subsea7 Secures a New Subsea Contract in the US Gulf of Mexico

SUBCY's new contract covers transportation and installation of the flow line, umbilical and other subsea components associated with the subsea tieback platform.

Eni's Plenitude Expands Spanish Footprint With New Wind Plant

E's Plenitude launches the 13 MW Numancia wind farm in Soria, producing 31 GWh annually and powering 9,500 homes, further expanding its renewable energy footprint in Spain.

Shell Signs Massive Naphtha Supply Agreement With QatarEnergy

The naphtha supply deal strengthens the long-standing partnership between SHEL and QatarEnergy. QatarEnergy will supply 18 million metric tons of naphtha to Shell for 20 years.

Kinder Morgan Shuts Down Terminals in Tampa Over Hurricane Warning

KMI's Tampa Bay Stevedores, Tampaplex Terminal, and Port Sutton Terminal have been shut down due to Hurricane Milton, which is fast approaching landfall.