In a challenging market environment, PEDEVCO Corp (NYSE American: PED), an energy company engaged in the acquisition and development of strategic, high-growth energy projects in the United States, has seen its stock price touch a 52-week low of $0.69. Despite market headwinds, the company maintains a healthy current ratio of 2.1 and has achieved impressive revenue growth of 19.19% over the last twelve months. This price level reflects a significant downturn from its previous positions, with the stock experiencing a 1-year change of -17.08%. Investors are closely monitoring the company’s performance, as the current market conditions have led to a cautious approach towards energy stocks, particularly those like PEDEVCO, which are navigating through a complex landscape of fluctuating oil prices and regulatory considerations. The 52-week low serves as a critical indicator for the company’s stakeholders, who are assessing the stock’s potential for recovery or further decline in the coming months. InvestingPro analysis reveals analyst price targets ranging from $1.50 to $2.15, with additional financial health indicators and growth metrics available to subscribers.
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, these awards were granted on January 23, 2025, and include both stock and cash components. The President and CEO, J. Douglas Schick, received 500,000 shares, while the Executive Chairman, Dr. Simon G. Kukes, was awarded 350,000 shares. Other executives, including Chief Accounting Officer Paul Pinkston and Executive Vice President Clark R. Moore, also received significant stock awards. Additionally, cash bonuses were approved, with Schick receiving $130,000 and Moore awarded $120,000, among others. The equity awards are part of PEDEVCO’s 2021 Equity Incentive Plan, aimed at compensating and incentivizing employees. The company also granted five-year options to purchase 464,000 shares to certain non-executive employees. These recent developments highlight PEDEVCO’s strategy to align leadership interests with company performance and shareholder value.
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