pedevco corp, d/b/a pacific energy development (nyse mkt: ped), is a publicly-traded energy company engaged in the acquisition and development of strategic, high growth energy projects, including shale oil and gas assets, in the united states. the company's principal asset, its denver julesburg (d-j) basin asset, is located in weld and morgan counties, colorado. pacific energy development is headquartered in danville, california, with an operations office in houston, texas.
Company profile
Ticker
PED
Exchange
CEO
Simon Kukes
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
BLAST ENERGY SERVICES, INC., RECONSTRUCTION DATA GROUP INC, VERDISYS INC
SEC CIK
Corporate docs
Subsidiaries
Red Hawk Petroleum, LLC • Pacific Energy Development Corp. • Ridgeway Arizona Oil Corp. • SRPT Acquisition, LLC • PRH Holdings LLC ...
IRS number
223755993
PED stock data
Latest filings (excl ownership)
8-K
PEDEVCO Provides Update on New Permian Basin Wells
17 Apr 24
8-K
PEDEVCO Announces 2023 Financial Results
18 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
PEDEVCO Announces Approval of D-J Basin Development Plan for Roth 2-11 Wells and Operations Update
5 Feb 24
8-K
Departure of Directors or Certain Officers
29 Jan 24
8-K
Financial Statements and Exhibits
18 Jan 24
8-K
PEDEVCO Announces Q3 2023 Financial Results and Operations Update
9 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
13 Oct 23
Latest ownership filings
4
PAUL ANTHONY PINKSTON
29 Jan 24
4
Moore Clark
29 Jan 24
4
John Douglas Schick
29 Jan 24
4
SIMON G KUKES
29 Jan 24
144
Notice of proposed sale of securities
25 Jan 24
144
Notice of proposed sale of securities
25 Jan 24
144
Notice of proposed sale of securities
25 Jan 24
144
Notice of proposed sale of securities
23 Jan 24
144
Notice of proposed sale of securities
23 Jan 24
144
Notice of proposed sale of securities
23 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 16.75 mm | 16.75 mm | 16.75 mm | 16.75 mm | 16.75 mm | 16.75 mm |
Cash burn (monthly) | (no burn) | 1.18 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 7.77 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 8.98 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 7.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 27 |
Opened positions | 6 |
Closed positions | 3 |
Increased positions | 6 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 2.22 bn |
Total shares | 158.03 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Kukes Simon G | 51.79 mm | $55.42 mm |
SK Energy | 51.79 mm | $61.11 mm |
SGK 2018 Revocable Trust | 51.79 mm | $58.01 mm |
Vanguard | 946.57 k | $866.11 mm |
Bridgeway Capital Management | 367.86 k | $336.59 mm |
Renaissance Technologies | 325.63 k | $298.00 k |
Geode Capital Management | 240.09 k | $219.68 mm |
Corsair Capital Management | 235.12 k | $215.14 mm |
STT State Street | 106.07 k | $97.06 mm |
Pinnacle Associates | 65.00 k | $59.48 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Jan 24 | Kukes Simon G | Common Stock | Grant | Acquire A | No | No | 0 | 550,000 | 0.00 | 7,571,950 |
26 Jan 24 | Clark Moore | Common Stock | Grant | Acquire A | No | No | 0 | 450,000 | 0.00 | 905,334 |
26 Jan 24 | Paul Anthony Pinkston | Common Stock | Grant | Acquire A | No | No | 0 | 250,000 | 0.00 | 749,700 |
26 Jan 24 | John Douglas Schick | Common Stock | Grant | Acquire A | No | No | 0 | 525,000 | 0.00 | 1,255,467 |
25 Jan 24 | Clark Moore | Common stock | Sell | Dispose S | No | Yes | 0.6372 | 50,000 | 31.86 k | 455,334 |
25 Jan 24 | Paul Anthony Pinkston | Common Stock | Sell | Dispose S | No | Yes | 0.6369 | 35,000 | 22.29 k | 499,700 |
25 Jan 24 | John Douglas Schick | Common Stock | Sell | Dispose S | No | Yes | 0.6374 | 50,000 | 31.87 k | 730,467 |
23 Jan 24 | Paul Anthony Pinkston | Common Stock | Sell | Dispose S | No | Yes | 0.6361 | 23,000 | 14.63 k | 534,700 |
19 Jan 24 | Paul Anthony Pinkston | Common Stock | Sell | Dispose S | No | Yes | 0.6564 | 16,300 | 10.70 k | 557,700 |