PEDEVCO stock hits 52-week low at $0.68 amid market challenges

In a challenging market environment, PEDEVCO Corp (NYSE American: PED) stock has touched a 52-week low, dipping to $0.68. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.1, indicating solid liquidity. Analyst price targets range from $1.50 to $2.15, suggesting potential upside from current levels. The energy sector player, which operates in the oil and gas space, has faced headwinds that have pressured the stock downward, reflecting broader market trends and operational hurdles. Despite these challenges, the company has achieved impressive revenue growth of 19.19% over the last twelve months. Over the past year, PEDEVCO’s stock has seen a significant decline, with a 1-year change showing a decrease of 17.76%. This downturn highlights the volatility within the energy sector and underscores investor concerns as the company navigates through a complex market landscape. For deeper insights and additional financial metrics, explore InvestingPro, which offers 6 more key investment tips for PEDEVCO.

In other recent news, PEDEVCO Corp. has announced the issuance of restricted stock awards and cash bonuses to its top executives following the company’s 2024 annual compensation review. According to a recent SEC filing, the awards were granted on January 23, 2025, and include both stock and cash components. Notably, J. Douglas Schick, the President and CEO, received 500,000 shares, while the Executive Chairman, Dr. Simon G. Kukes, was awarded 350,000 shares. Other key executives, including Chief Accounting Officer Paul Pinkston and Executive Vice President Clark R. Moore, were also recipients of significant stock awards. Additionally, the company approved cash bonuses for its executives, with Schick receiving $130,000 and Pinkston receiving $50,000. PEDEVCO also granted five-year options to purchase 464,000 shares of restricted company common stock to certain non-executive employees. These options and shares are subject to a vesting schedule tied to continued service with the company. The equity awards and bonuses are part of PEDEVCO’s 2021 Equity Incentive Plan, aimed at aligning leadership interests with company performance.

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