VKIN - Viking Energy Group, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0950
-0.0050 (-5.00%)
At close: 3:42PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.1000
Open0.0750
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0750 - 0.1055
52 Week Range0.0600 - 0.2700
Volume248,238
Avg. Volume184,741
Market Cap11.982M
Beta (5Y Monthly)2.09
PE Ratio (TTM)N/A
EPS (TTM)-0.2010
Earnings DateMar 29, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • ACCESSWIRE

      Viking Energy Reduces Debt by - $7,100,000

      On March 31st, 2020, Viking's subsidiary, Ichor Energy, LLC ("Ichor"), made a $794,899 principal payment under the Term Loan Agreement pursuant to which Ichor is a party, using funds generated through the sale of oil and gas produced by assets owned by Ichor's subsidiaries. Ichor's subsidiaries own a working interest in approx. 58 conventional, producing oil and gas wells in Texas and Louisiana and an interest in more than 30 Salt Water Disposal Wells.

    • ACCESSWIRE

      Viking Energy Group, Inc. and Camber Energy, Inc. Reaffirm Commitment to Proceed with Camber's Planned Acquisition of Viking

      Details regarding the Merger, along with a copy of the Merger Agreement, were included in Viking's and Camber's Current Reports on Form 8-K filed on February 5, 2020, with the Securities and Exchange Commission, and are available under "Investors" at www.vikingenergygroup.com and www.camber.energy. The planned merger contemplates Camber issuing newly-issued shares of common stock to the equity holders of Viking in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber will merge with and into Viking, with Viking continuing as the surviving corporation and as a wholly-owned subsidiary of Camber after the Merger.

    • GlobeNewswire

      Viking Energy Group Announces Record Annual Results

      Revenues of $34.6 Million Adjusted non-GAAP - EBITDA of $17.16 Million Hedging Strategy will Supplement Revenues during COVID-19 Pandemic HOUSTON, TX, March 31, 2020 -- via.

    • GlobeNewswire

      Viking’s Hedging Strategy Proves Sound as Commodity Prices Drop Due to Virus Concerns and International Price War

      HOUSTON, March 09, 2020 -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking”) is pleased to announce that its majority owned subsidiary, Elysium Energy, LLC.

    • GlobeNewswire

      Viking More Than Doubles Daily Oil & Gas Production With Recent Acquisition

      HOUSTON, TX, Feb. 10, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (“Viking”) (OTCQB: VKIN) is pleased to announce that it has more than doubled its daily oil and gas production (on a barrel of oil equivalent basis), and increased its overall proven oil and gas reserves in connection with its recent acquisition. Details of the transaction were referenced in Viking’s Current Report on Form 8-K filed on February 6, 2020 with the Securities and Exchange Commission and available under "Investors -- SEC Filings" at www.vikingenergygroup.com, and in the press release issued by Viking on February 4, 2020.

    • GlobeNewswire

      Camber Energy, Inc. Contributes $5M to Viking’s Recent Acquisition & Parties Execute Definitive Merger Agreement Regarding Camber’s Proposed Acquisition of Viking

      A copy of the Merger Agreement was included in Viking’s and Camber’s Current Reports on Form 8-K filed on February 5, 2020, with the Securities and Exchange Commission, and available under "Investors" at www.vikingenergygroup.com and www.camber.energy. The proposed merger contemplates Camber issuing newly-issued shares of common stock, on a fully-diluted pro rata basis, to the equity holders of Viking having an 80% interest in the post-closing entity (altered slightly from the 85% interest set out in the Letter of Intent signed by the parties on January 23, 2020 given Camber’s subsequent monetary contribution to Viking’s recent acquisition), not including certain shares available to be issued to Camber’s Series C Preferred Stock holder post-merger, in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber shall merge with and into Viking, with Viking continuing as the surviving corporation (the “Merger”) and wholly-owned subsidiary of Camber after the Merger.

    • GlobeNewswire

      Viking Energy Group, Inc. Closes on Acquisition of Texas and Louisiana Oil and Gas Properties and Financing Transaction

      HOUSTON, TX, Feb. 04, 2020 (GLOBE NEWSWIRE) --  via NEWMEDIAWIRE – Viking Energy Group, Inc. (VKIN), a Nevada corporation (“Viking” or the “Company”) is pleased to announce it completed yesterday its previously disclosed acquisition of interests in certain oil and gas properties located in the states of Texas and Louisiana and certain entities owning oil and gas properties located in the state of Louisiana through a majority owned subsidiary of the Company, Elysium Energy, LLC (“Elysium”). The assets purchased by Elysium (including those held by the entities acquired in the transaction) include working interests and over-riding royalty interests in approximately 72 wells in Texas and approximately 55 wells in Louisiana, along with associated equipment. “We are very excited to close the Acquisition, which is part of our comprehensive, long-term growth strategy,” said James Doris, Viking’s President and Chief Executive Officer.

    • GlobeNewswire

      Viking Energy Group, Inc. and Camber Energy, Inc. Announce Letter of Intent Regarding Camber’s Proposed Acquisition of Viking

      A copy of the LOI was included in Viking’s and Camber’s Current Reports on Form 8-K filed on January 24, 2020, with the Securities and Exchange Commission, and available under "Investors" at www.vikingenergygroup.com and www.camber.energy. The proposed merger contemplates Camber issuing newly-issued shares of common stock, on a fully-diluted pro rata basis, to the equity holders of Viking having an 85% interest in the post-closing entity in exchange for 100% of the outstanding equity securities of Viking by means of a reverse triangular merger in which a newly formed wholly-owned subsidiary of Camber shall merge with and into Viking, with Viking continuing as the surviving corporation (the “Merger”) and wholly-owned subsidiary of Camber after the Merger.

    • GlobeNewswire

      Viking Reduces Debt by an Additional ~ $795,000 Using Surplus Cash From Operations 

      The $794,899 payment is in addition to the principal payment of $4,000,000 made on October 23, 2019 and the two principal payments of $794,899 made on or about June 30, 2019, and September 30, 2019, respectively, bringing the total principal repayments made by Ichor under the loan agreement to $6,384,697 throughout 2019. Funds used to make the payment were generated through the sale of oil and gas produced by assets owned by Ichor’s subsidiaries. Ichor’s subsidiaries own a working interest in approx. 58 conventional, producing oil and gas wells in Texas and Louisiana and an interest in more than 30 Salt Water Disposal Wells.

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    • GlobeNewswire

      Viking Energy Group Announces Record Third Quarter 2019 Results

      Revenues of $9.0 Million, Up 373% Year-Over-YearIncome from Operations of $1.5 Million HOUSTON, Nov. 12, 2019 -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the.

    • GlobeNewswire

      Viking Reduces Debt by Another $1.86 Million (totaling a $5.86 mm reduction in less than 10 days)

      HOUSTON, TX, Nov. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”) is pleased to announce that it has reduced its debt by an additional ~ $1.86 million, effective October 31, 2019, through the exercise of warrants by certain participants in Viking’s Secured Convertible Note Offering that closed on or about November 19, 2018. The Company is also due ~ $181,000 in cash consideration in connection with the exercise of the warrants. Further details were included in Viking’s Form 8-K filed on November 4, 2019 with the Securities and Exchange Commission and available under "Investors -- SEC Filings" at www.vikingenergygroup.com.

    • GlobeNewswire

      UPDATE: Viking Energy Group Launches $16.5M 506(c) Offering

      HOUSTON,TX, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group,Inc. (OTCQB: VKIN) (“Viking” or the “Company”), an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the onshore Gulf Coast and Mid-Continent regions,today announced that it is seeking to raise up to $16.5 million (and up to $20 million with an over-allotment option) through an offering of 10.5% secured promissory notes(the “Notes”) and shares of Company common stock (the “Shares”), to be conducted pursuant to Rule 506(c) of the Securities Act of 1933, as amended (the “Offering”). In addition, for each $100,000 invested, noteholders will receive 60,000 shares of Viking common stock.

    • GlobeNewswire

      Viking Energy Group Launches $16.5M 506(c) Offering

      HOUSTON, TX, Oct. 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”), an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in the onshore Gulf Coast and Mid-Continent regions, today announced that it is seeking to raise up to $16.5 million (and up to $20 million with an over-allotment option) through an offering of 10.5% secured promissory notes (the “Notes”) and shares of Company common stock (the “Shares”), to be conducted pursuant to Rule 506(c) of the Securities Act of 1933, as amended (the “Offering”).

    • GlobeNewswire

      Viking Mgt. Demonstrates Fiscal Prudence – Reduces Debt by ~$5.6 Million Using Surplus Cash From Operations

      HOUSTON, TX, Oct. 24, 2019 -- via NEWMEDIAWIRE – Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”) is pleased to announce that its subsidiary, Ichor Energy,.

    • GlobeNewswire

      Taglich Brothers Updates Research Report on Viking Energy Group, Inc. Based on Q2 Results

      HOUSTON, TX, Sept. 03, 2019 -- via NEWMEDIAWIRE – Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”) is pleased to announce that on August 20, 2019 Taglich.

    • GlobeNewswire

      Viking Energy Group Announces Record Second Quarter 2019 Results

      Revenues of $8.7 Million, Up 276% Year-Over-YearIncome from Operations of $2.3 Million HOUSTON, Aug. 13, 2019 -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the.

    • GlobeNewswire

      Viking Energy Group Improves its Balance Sheet by Refinancing its Kansas Assets and Extending its Reserve Based Loan to May, 2021

      Focused on Growth Initiatives in Texas, Louisiana and Mississippi HOUSTON, TX, Aug. 01, 2019 -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the.

    • GlobeNewswire

      Viking Adds Approx. 414 MBO and 17,600 MMcf in Proven Reserves with Recent Acquisition

      HOUSTON, TX , June 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”) is pleased to announce that it has increased its overall proven oil and gas reserves by approximately 414 MBO and 17,600 MMcf, respectively, in connection with its recent acquisition in Louisiana.   A summary of the transaction was included in Viking’s Form 10-Q filed on May 14, 2019 with the Securities and Exchange Commission and available under "Investors -- SEC Filings" at www.vikingenergygroup.com. The assets are being operated by Viking’s subsidiary, Petrodome Operating, LLC.

    • GlobeNewswire

      Taglich Brothers Initiates Coverage of Viking Energy Group, Inc.

      Taglich Brothers, Inc. announces that it has initiated coverage of Viking Energy Group, Inc. Viking Energy Group, Inc., headquartered in Houston, Texas, is an onshore independent oil and gas exploration and production company. The company’s producing assets are in TX, LA, MS, and KS.

    • GlobeNewswire

      Viking Energy Group Announces Record First Quarter 2019 Results

      Revenues of $9.3 Million, Up 330% Year-Over-YearIncome from Operations of $3.2 Million HOUSTON, May 15, 2019 -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN).

    • GlobeNewswire

      Viking’s Enhancement Strategy Pays Off: Sells Certain KS Assets for $4.1 Million

      HOUSTON, TX, May 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”), is pleased to announce that on May 1, 2019, the Company’s subsidiary, Mid-Con Development, LLC (“Mid-Con”), sold to an independent third party all of Mid-Con’s interests in the oil and gas assets it owned in Ellis and Rooks Counties, Kansas for a sale price of $4,100,000. In addition to its interests in oil & gas leases in Texas, Louisiana and Mississippi, the Company continues to own other assets in Kansas, including in the counties of Miami, Franklin, Anderson, Woodson, Allen, Riley, Geary and Wabaunsee.

    • GlobeNewswire

      Viking Energy Group Introduces Experienced and Successful Operations & Technical Team in Oil and Gas

      HOUSTON, TX, April 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”), an independent exploration and production company focused on the acquisition and development of oil and natural gas properties, is pleased to provide detailed information on its operational and technical team, who are assisting with Viking’s strategy to acquire, enhance and develop new and existing assets in the Mid-Continent region. Mr. Swift has more than 17 years of experience in the financial services industry, including research and trading of credit and equity products and the private placement of highly structured middle market credit products for companies within the energy sector.

    • GlobeNewswire

      Viking Energy Group Provides Details on Increased Revenue, Assets and Reserves from Recently Closed Acquisition

      HOUSTON, April 08, 2019 -- via NEWMEDIAWIRE – Viking Energy Group, Inc. (OTCQB: VKIN) (“Viking” or the “Company”), an independent exploration and production company focused on.