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PEDEVCO

PED
37
Oil & Gas Exploration & Production · Energy
Price
$12.26
+1.00 (+8.93%)
Market Cap
$163.0M
Exchange
New York Stock Exchange Arca
Winston Score
37
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 13, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available
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Share count rising — dilution

+15.4% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 4.0M (2021) → 4.6M (2025)

Winston Score History

The full picture

PEDEVCO Corp. is a small American oil and gas company that drills for crude oil and natural gas in the United States. Its main operations are in the San Andres formation in the Permian Basin of West Texas, one of the most productive oil-producing regions in the country. The company sells the oil and gas it produces to energy buyers and refiners.

PEDEVCO makes money by extracting and selling crude oil and natural gas, so its revenue rises and falls with commodity prices. It operates entirely within the US and, with a market cap of roughly $200 million, is considered a micro-cap exploration and production company with limited scale compared to larger Permian Basin peers. The company's thin margins and slightly negative operating income highlight its main risk: it has little cushion when oil prices drop, and continued profitability depends heavily on keeping production costs low and commodity prices stable.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+360.4% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

88.4%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$8M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

PEDEVCO grew revenue 360% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
28.4%
Modest — 28.4% gross margin
Operating Margin
20.7%
Excellent — 20.7% operating margin
ROCE
4.6%
Weak — 4.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+92.3%
Fast-growing sales (+92.3% YoY)
EPS YoY
-243.1%
Earnings shrinking (-243.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-16.3%
Burning cash (-16.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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