Viking Energy Group, Inc. (VKIN)
Viking Energy Group, Inc. operates in the Oil & Gas Exploration & Production industry of the Energy sector, headquartered in Houston, TX, US. The stock last traded at $0.81, up 11.31% on the session, giving a market capitalisation of $100.5M. On trailing twelve-month figures it carries a trailing P/E of -6.21, a net margin of -64.2%. Its beta of -1.30 implies it has historically moved less than the broad market.
Viking Energy Group, Inc., a company headquartered in Houston, Texas, and incorporated in 1989, is primarily engaged in the exploration and development of oil and natural gas properties across North America, holding leases in states such as Texas, Louisiana, Mississippi, and Kansas. Beyond its core upstream activities, the company is a comprehensive provider of power generation products, services, and bespoke energy solutions. This includes designing, manufacturing, and supplying clean-tech energy systems like combined heat and power units, Tier 4 final diesel and natural gas industrial engines, as well as solar, wind, and energy storage solutions. Additionally, Viking designs and assembles specialized electrical control equipment, encompassing switchgear, synchronization and paralleling apparatus, distribution panels, Bi-fuel systems, and complete power generation control systems, alongside developing clean energy and carbon-capture technologies for electricity production. In an innovative venture, the company is also developing a patent-pending system aimed at detecting open conductors in electric transmission and distribution lines, designed to identify breaks or coupling failures. The company operated as Viking Investments Group, Inc. until it rebranded to its current name in March 2017.
Viking Energy Group, Inc. is most often compared with the following Energy names: