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

by · The Cerbat Gem

Wall Street Zen upgraded shares of Kolibri Global Energy (NASDAQ:KGEI – Free Report) from a sell rating to a hold rating in a research note released on Sunday.

Kolibri Global Energy Trading Down 0.5%

Shares of KGEI stock opened at $5.45 on Friday. Kolibri Global Energy has a 12-month low of $2.85 and a 12-month high of $9.89. The company has a market capitalization of $193.04 million, a P/E ratio of 10.09, a P/E/G ratio of 0.69 and a beta of 0.05. The firm has a 50-day moving average price of $6.16 and a 200 day moving average price of $6.90. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.15.

Kolibri Global Energy (NASDAQ:KGEI – Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Kolibri Global Energy had a net margin of 33.40% and a return on equity of 9.54%. The firm had revenue of $11.11 million during the quarter, compared to the consensus estimate of $20.45 million. Research analysts forecast that Kolibri Global Energy will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kolibri Global Energy

Several institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in shares of Kolibri Global Energy in the second quarter worth about $25,000. Raymond James Financial Inc. bought a new position in shares of Kolibri Global Energy in the second quarter worth about $25,000. Farther Finance Advisors LLC bought a new position in shares of Kolibri Global Energy in the second quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Kolibri Global Energy in the second quarter worth about $52,000. Finally, Jump Financial LLC bought a new position in shares of Kolibri Global Energy in the second quarter worth about $96,000. 27.26% of the stock is owned by institutional investors.

Kolibri Global Energy Company Profile

(Get Free Report)

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.

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