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Last $0.27 USD
Change Today -0.0322 / -10.77%
Volume 241.0
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

victory energy corp (VYEY) Snapshot

Open
$0.27
Previous Close
$0.30
Day High
$0.27
Day Low
$0.27
52 Week High
08/29/14 - $0.49
52 Week Low
12/30/14 - $0.05
Market Cap
7.8M
Average Volume 10 Days
5.4K
EPS TTM
$-0.15
Shares Outstanding
29.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VICTORY ENERGY CORP (VYEY)

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victory energy corp (VYEY) Details

Victory Energy Corporation engages in the acquisition, exploration, and production of oil and gas properties in Texas and New Mexico. The company’s property portfolio include the Fairway property, the Bootleg Canyon Ellenberger Field, the Adams-Baggett Gas Field, the Morgan property, the Uno-Mas property, and the Clear Water Wolfberry resource property located in the Permian Basin of Texas and New Mexico. As of March 31, 2015, it had 26 wells on production. The company was formerly known as Victory Capital Holdings Corporation and changed its name to Victory Energy Corporation in May 2006. Victory Energy Corporation was founded in 1982 and is headquartered in Austin, Texas.

4 Employees
Last Reported Date: 03/31/15
Founded in 1982

victory energy corp (VYEY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $211.7K
Chief Financial Officer and Controller
Total Annual Compensation: $115.0K
Compensation as of Fiscal Year 2014.

victory energy corp (VYEY) Key Developments

Victory Energy Corporation Reports Production and Unaudited Earnings Results for the Second Quarter Ended June 30, 2015

Victory Energy Corporation reported production and unaudited earnings results for the second quarter ended June 30, 2015. The company reported that Oil and Gas revenues increased 13% from $237,977 to $269,631 for the three months ended June 30, 2015 compared to the three months ended June 30, 2014. Net loss attributable to company was $1,247,458, or $0.04 per share, for the three months ended June 30, 2015 compared to Net Income of $272,189 and $0.01, respectively, in the second quarter of 2014. The net income for the three months ended June 30, 2014 was primarily attributable to the company's sale of its Lighten Property in June 2014. In the second quarter of 2015, the company reported that oil production increased 70% to 4,181 Bbl from 2,461 Bbl in the second quarter of 2014. BOE/d increased 58% to 63 barrels from 40 barrels in the second quarter of 2014.

Victory Energy Seeks Acquisitions

Victory Energy Corporation (OTCPK:VYEY) is looking for acquisition opportunities. Kenny Hill, Chief Executive Officer of Victory Energy said, "To prepare ourselves for opportunistic acquisitions, we were also able to establish a significant investment banking relationship and hope to begin deploying capital from that $75 million credit facility in the near future. We have already identified and began negotiating with a handful of sellers interested in divesting their proved producing properties."

Victory Energy Corporation Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Victory Energy Corporation reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company's total revenues decreased $66,415 or 34% to $128,568 from $194,983 for the three months ended March 31, 2014. Net loss attributable to the company was $1,546,573, or a loss of $0.05 per share, compared to a loss of $435,303 or $0.02 per share for the first quarter of 2014. The company incurred capital expenditures of $2.1 million for lease acquisition, drilling and completion costs, and property acquisitions for the three months ended March 31, 2015, of which $1.0 million is accrued at March 31, 2015.

 

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