Kolibri Global Energy (NASDAQ:KGEI) Rating Increased to Hold at Zacks Research

Kolibri Global Energy (NASDAQ:KGEI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

KGEI has been the subject of a number of other reports. Wall Street Zen upgraded Kolibri Global Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kolibri Global Energy in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.00.

Kolibri Global Energy Stock Up 4.5%

KGEI opened at $3.71 on Tuesday. The firm’s 50 day simple moving average is $3.93 and its two-hundred day simple moving average is $5.00. The company has a market capitalization of $131.48 million, a PE ratio of 7.42, a PEG ratio of 0.93 and a beta of 0.11. Kolibri Global Energy has a 1-year low of $3.35 and a 1-year high of $9.89. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.23.

Kolibri Global Energy (NASDAQ:KGEI) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Kolibri Global Energy had a return on equity of 9.37% and a net margin of 29.74%.The company had revenue of $15.19 million during the quarter, compared to analysts’ expectations of $21.89 million. As a group, equities analysts forecast that Kolibri Global Energy will post 0.48 EPS for the current year.

Institutional Investors Weigh In On Kolibri Global Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KGEI. Ameritas Investment Partners Inc. bought a new position in Kolibri Global Energy in the 2nd quarter worth about $25,000. Raymond James Financial Inc. purchased a new stake in shares of Kolibri Global Energy in the second quarter valued at approximately $25,000. Farther Finance Advisors LLC bought a new position in Kolibri Global Energy in the second quarter worth approximately $28,000. BNP Paribas Financial Markets increased its holdings in Kolibri Global Energy by 102.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,245 shares of the company’s stock worth $35,000 after purchasing an additional 3,155 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Kolibri Global Energy during the 2nd quarter valued at $52,000. Institutional investors own 27.26% of the company’s stock.

About Kolibri Global Energy

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. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.