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Stocks•7 April 2026•

1 min read

Stonegate Capital Initiates Coverage on Pedevco Corp Following Rockies Expansion

A world map with oil refineries, pipelines, and pumpjacks. A red line graph shows a -13% decline, with oil barrels and market crash text.

Key Facts

1Stonegate Capital Partners initiated research coverage on Pedevco Corp. (NYSE: PED).

2Pedevco expanded significantly in FY25 as an oil-weighted Rockies platform following its merger with Juniper.

Stonegate Capital Partners has officially initiated research coverage on Pedevco Corp. (NYSE: PED), marking a significant milestone for the energy firm. The initiation follows Pedevco's substantial expansion in fiscal year 2025, positioning itself as a major oil-weighted platform in the Rockies region. This growth was primarily driven by a strategic merger with Juniper, which successfully integrated and scaled the company's operations into a larger energy entity. Analysts are focusing on Pedevco's enhanced production capabilities and its strategic transition following the merger's completion. The start of analyst coverage is expected to improve market visibility and investor engagement for the small-cap stock. Pedevco’s strategic shift towards oil-heavy assets underscores its long-term growth potential within the competitive North American energy sector.