Kolibri Global Energy (NASDAQ:KGEI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kolibri Global Energy (NASDAQ:KGEI) from a hold rating to a buy rating in a report issued on Sunday.

Separately, Roth Mkm raised their price objective on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th.

Kolibri Global Energy Price Performance

Kolibri Global Energy stock opened at $6.82 on Friday. The company’s 50 day moving average price is $6.75 and its two-hundred day moving average price is $6.76. The stock has a market cap of $241.76 million, a P/E ratio of 14.21, a P/E/G ratio of 0.81 and a beta of 0.17. Kolibri Global Energy has a 52 week low of $2.85 and a 52 week high of $9.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

Kolibri Global Energy (NASDAQ:KGEI) last released its earnings results on Monday, May 12th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Kolibri Global Energy had a net margin of 31.60% and a return on equity of 9.18%. The firm had revenue of $16.37 million for the quarter, compared to analysts’ expectations of $25.32 million. On average, equities analysts predict that Kolibri Global Energy will post 0.48 earnings per share for the current year.

Institutional Trading of Kolibri Global Energy

Several institutional investors and hedge funds have recently modified their holdings of KGEI. Acadian Asset Management LLC purchased a new position in Kolibri Global Energy in the first quarter worth $174,000. Empowered Funds LLC purchased a new position in Kolibri Global Energy in the 1st quarter worth approximately $210,000. OMERS ADMINISTRATION Corp bought a new stake in Kolibri Global Energy during the 1st quarter valued at $364,000. Millennium Management LLC raised its stake in shares of Kolibri Global Energy by 47.0% during the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock valued at $335,000 after acquiring an additional 20,135 shares during the last quarter. Finally, 683 Capital Management LLC bought a new position in Kolibri Global Energy during the 4th quarter valued at approximately $364,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the finding and exploiting oil, gas, and clean and sustainable energy in the United States. It sells crude oil, natural gas, and natural gas liquids. The company was formerly known as BNK Petroleum Inc and changed its name to Kolibri Global Energy Inc in November 2020.