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$PED

PEDEVCO CORP

Price · $PEDvia TradingView
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MAY 20net (bullish − bearish)MAY 26
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1
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0
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No SEC Form 4 filings for $PED in the last 30 days.

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MAY 20·TipRanksMed

Pedevco Expands Credit Facility and Borrowing Capacity

PEDEVCO Corp. has amended its credit agreement, increasing its borrowing base and elected commitment from $120 million to $125 million. This amendment, which occurred on May 19, 2026, replaces an earlier review and enhances the company's financial flexibility ahead of its July 2026 redetermination. Despite this positive financial move, TipRanks’ AI Analyst, Spark, rates PED as Neutral due to weak TTM profitability and negative free cash flow, though it acknowledges a conservatively levered balance sheet and strong Q1 operational performance.

MAY 10·The Globe and Mail

Pedevco Amends Credit Agreement, Updates Borrowing Base Terms

PEDEVCO Corp. (PED) recently amended its credit agreement with Citibank, N.A., updating key financial definitions and schedules related to its oil and gas collateral. The changes include adjustments to EBITDAX calculation, a shift to a trailing twelve-month EBITDAX Test Period, and revised borrowing base redetermination schedules. While one analyst rates PED as a Buy with an $18.00 price target, TipRanks' AI Analyst Spark gives PED a Neutral rating due to volatile financial performance and 2025 earnings collapse, despite a strong balance sheet and positive operating cash flow.

APR 8·National Today

Stonegate Initiates Coverage on PEDEVCO, Sees 35% FY25 Output Boost

Stonegate Capital Partners has initiated coverage on PEDEVCO Corp. (NYSE: PED), predicting a 35% increase in production for fiscal year 2025 following its merger with Juniper. The firm project that PEDEVCO's lease operating expenses could be reduced by up to $1 million per month through optimization efforts, leading to significant margin expansion. The report highlights the company's expanded asset base and strong financial performance in Q4 2025 post-merger.

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