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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Initial Report Released (Dated 06/06/2019)

Symbol: VKIN
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $0.50
Time Horizon: 12 Months
Rating Established: June 6, 2019
Price When Established: $0.18
Most Recent Report: June 6, 2019
Price When Issued: $0.18

What's New

Viking Energy Reports 2Q19 Results

On August 12, 2019, Viking Energy filed its 2nd quarter 10Q for the three-months ended June 30, 2019.

VKIN reported 2Q19 net income of $1.3 million or $0.01 per share, on revenue of $8.7 million. In the year-ago period the company reported a net loss of $4 million or ($0.05) per share on revenue of $2.3 million. The current period included a positive change in the fair value of derivatives. Excluding that positive change the company would have reported a loss of approximately $3.2 million.

Taglich Brothers estimated 2Q19 revenues of $9.2 million and a net loss of $2.4 million or ($0.03) per share.

Company Description

Viking Energy Group, Inc., headquartered in Houston, Texas, is an onshore independent oil and gas exploration and production company. It is focused on the acquisition and development of oil and natural gas properties primarily in the Gulf Region of the US.

Company Reports

Initial Research Report (Dated June 6, 2019)


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