Company Quick10K Filing
Pedevco
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 54 $116
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-12 Quarter: 2019-06-30
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-04-01 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-07-31 Quarter: 2018-06-30
10-Q 2018-05-11 Quarter: 2018-03-31
10-K 2018-03-29 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-27 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-11 Quarter: 2016-06-30
10-Q 2016-05-19 Quarter: 2016-03-31
10-K 2016-03-29 Annual: 2015-12-31
10-Q 2015-11-13 Quarter: 2015-09-30
10-Q 2015-08-13 Quarter: 2015-06-30
10-Q 2015-05-14 Quarter: 2015-03-31
10-K 2015-03-31 Annual: 2015-01-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-13 Quarter: 2014-06-30
10-Q 2014-05-15 Quarter: 2014-03-31
10-K 2014-03-31 Annual: 2013-12-31
10-Q 2013-11-14 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-20 Quarter: 2013-03-31
10-K 2013-03-25 Annual: 2012-12-31
10-Q 2012-11-19 Quarter: 2012-09-30
10-Q 2012-08-14 Quarter: 2012-06-30
10-Q 2012-05-18 Quarter: 2012-03-31
10-K 2012-04-16 Annual: 2011-12-31
10-Q 2011-11-14 Quarter: 2011-09-30
10-Q 2011-08-22 Quarter: 2011-06-30
10-Q 2011-05-23 Quarter: 2011-03-31
10-K 2011-04-12 Annual: 2010-12-31
10-Q 2010-11-15 Quarter: 2010-09-30
10-Q 2010-08-16 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-K 2010-04-01 Annual: 2009-12-31
8-K 2020-01-13 Exhibits
8-K 2019-11-08 Earnings, Regulation FD, Exhibits
8-K 2019-10-21
8-K 2019-09-17 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-08-28 Shareholder Vote, Exhibits
8-K 2019-08-12 Earnings, Regulation FD, Exhibits
8-K 2019-06-13 Regulation FD, Exhibits
8-K 2019-05-21 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-05-06 Regulation FD, Exhibits
8-K 2019-04-29 Regulation FD, Exhibits
8-K 2019-03-11 Regulation FD, Exhibits
8-K 2019-03-01 Enter Agreement, Sale of Shares, Regulation FD, Exhibits
8-K 2019-02-15 Enter Agreement, Sale of Shares, Control, Regulation FD, Exhibits
8-K 2019-02-13 Regulation FD, Exhibits
8-K 2019-02-01 M&A, Regulation FD, Exhibits
8-K 2019-01-11 Off-BS Arrangement, Sale of Shares, Regulation FD, Exhibits
8-K 2018-12-31 Enter Agreement, Off-BS Arrangement, Officers, Exhibits
8-K 2018-12-12 Regulation FD, Exhibits
8-K 2018-12-01 Officers, Exhibits
8-K 2018-10-25 Enter Agreement, Off-BS Arrangement, Sale of Shares, Other Events, Exhibits
8-K 2018-09-27 Shareholder Vote, Regulation FD, Exhibits
8-K 2018-09-06 Enter Agreement, Off-BS Arrangement, Officers, Regulation FD, Exhibits
8-K 2018-08-31 Enter Agreement, M&A, Off-BS Arrangement, Regulation FD, Other Events, Exhibits
8-K 2018-07-30 Enter Agreement, Off-BS Arrangement, Sale of Shares, Accountant, Officers, Regulation FD, Other Events, Exhibits
8-K 2018-07-11 Officers, Regulation FD, Exhibits
8-K 2018-07-03 Sale of Shares, Control
8-K 2018-06-27 Amend Bylaw, Other Events, Exhibits
8-K 2018-06-25 Enter Agreement, Off-BS Arrangement, Sale of Shares, Shareholder Rights, Amend Bylaw, Regulation FD, Other Events, Exhibits
8-K 2018-05-10 Enter Agreement, Exhibits
8-K 2018-04-19 Officers

Pedevco Financials

PED Metrics, Comps, Filings

Annual | Quarterly

Business

PEDEVCO is an oil and gas company focused on the development, acquisition and production of oil and natural gas assets where the latest in modern drilling and completion techniques and technologies have yet to be applied. In particular, the Company focuses on legacy proven properties where there is a long production history, well defined geology and existing infrastructure that can be leveraged when applying modern field management technologies. The Company’s current properties are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico (the “Permian Basin”) and in the Denver-Julesberg Basin (“D-J Basin”) in Colorado.  The Company holds its Permian Basin acres located in Chaves and Roosevelt Counties, New Mexico, through its wholly-owned operating subsidiary, Pacific Energy Development Corp. (“PEDCO”), which asset the Company refers to as its “Permian Basin Asset,” and it holds its D-J Basin acres located in Weld and Morgan Counties, Colorado, through its wholly-owned operating subsidiary, Red Hawk Petroleum, LLC (“Red Hawk”), which asset the Company refers to as its “D-J Basin Asset.”

The Company believes that horizontal development and exploitation of conventional assets in the Permian Basin and development of the Wattenberg and Wattenberg Extension in the D-J Basin represent among the most economic oil and natural gas plays in the United States (“U.S.”).  Moving forward, the Company plans to optimize its existing assets and opportunistically seek additional acreage proximate to its currently held core acreage, as well as other attractive onshore U.S. oil and gas assets that fit the Company’s acquisition criteria, that Company management believes can be developed using its technical and operating expertise and be accretive to shareholder value.  


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Abraxas Petroleum (AXAS) 183,613 0% 3.9 10% 419,348 265,320 146,955 0 43,819 95,957 369,840
Goodrich Petroleum Co (GDP) 182,117 0% 3.6 9% 233,741 152,707 119,351 0 21,962 76,641 275,352
Silverbow Resources (SBOW) 162,529 0% 2.6 16% 921,188 562,304 299,953 0 144,585 245,579 632,196
Earthstone Energy (ESTE) 161,343 0% 2.7 4% 1,017,348 205,785 172,581 0 39,026 96,952 265,558
Seadrill Partners (SDLP) 122,704 0% 6,185,400 3,471,200 0 0 0 0 -718,896
Independence Contract Drilling (ICD) 121,579 0% 18.5 -5% 558,613 181,685 284,285 0 -27,765 13,159 243,985
Pedevco (PED) 116,266 0% -66.4 -15% 92,929 7,640 8,619 0 -13,904 -1,501 99,599
Midstates Petroleum (MPO) 115,549 0% 3.5 -1% 536,630 99,069 165,298 0 -7,432 49,205 171,311
Ion Geophysical (IO) 107,562 42% -4.8 -23% 242,421 261,802 200,525 83,779 -56,340 -41,280 198,517
Torchlight Energy Resources (TRCH) 99,449 41% -21.5 -12% 41,420 22,789 1,066 432 -5,109 -4,615 99,033
Vaalco Energy (EGY) 98,672 0% 0.3 47% 202,067 86,395 97,867 0 94,497 113,357 36,844
Rosehill Resources (ROSE) 86,213 98% 1.8 3% 805,724 451,140 306,805 300,104 23,620 239,700 421,529
Lonestar Resources (LONE) 71,560 0% 3.7 2% 751,527 572,925 209,581 0 12,203 143,360 532,490
EP Energy (EPE) 67,500 66% -13.5 -28% 4,190,000 4,975,000 1,163,000 770,000 -1,153,000 -325,000 4,380,500
Contango Oil & Gas (MCF) 58,553 0% 0.9 10% 252,656 124,486 64,975 0 24,290 66,656 58,553
Lilis Energy (LLEX) 54,871 0% 7.7 -2% 485,085 230,924 77,607 0 -10,143 22,205 170,860
Alta Mesa Resources (AMR) 50,474 71% -0.7 -110% 1,383,311 1,182,082 463,203 330,824 -1,520,149 -1,466,927 974,164
Dawson Geophysical (DWSN) 47,372 0% -5.0 -20% 142,216 35,771 143,358 0 -28,370 -3,319 16,675
TransAtlantic Petroleum (TAT) 45,869 0% 1.4 -4% 144,187 94,189 71,921 0 -6,346 30,580 43,450

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash192,4786,6136,6751,1386599172,316
Accounts Receivable1717111581208439301842
Inventory
PP&E39788119
Assets1,88211,42325,80141,74064,65358,78036,40167,525
Accounts Payable841321736,7663,3801031014,509
Long-Term Debt22,73323,16027,49734,15938,455
Liabilities3,6274,76914,91443,16349,61660,73673,54150,553
Stockholders' Equity-1,7455,40410,887-1,42315,037-1,956-37,14016,972
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue7681,222
Cost of Revenue8
Gross Profit
R&D
SG&A1,4693,7307,1498,7126,9623,9122,5294,140
Tax00000000
Net Income-4,149-12,013-18,145-32,573-21,316-19,619-36,37053,607
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-462-2,804-2,263-4,867-7,619-5,974-236-1,494
Cash Investing-1,875-3,742-20,198-16,077265-750-23,118
Cash Financing5478,84826,59621,0061,8175,57049429,474