Edison Inv. Res Comments on Kolibri Global Energy Inc.’s FY2024 Earnings (NASDAQ:KGEI)

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Equities researchers at Edison Inv. Res cut their FY2024 earnings estimates for Kolibri Global Energy in a report released on Wednesday, July 10th. Edison Inv. Res analyst A. Litvin now expects that the company will earn $0.69 per share for the year, down from their previous forecast of $0.76. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.66 per share. Edison Inv. Res also issued estimates for Kolibri Global Energy’s FY2025 earnings at $0.71 EPS.

Kolibri Global Energy Stock Performance

NASDAQ KGEI opened at $3.43 on Thursday. The company has a 50-day simple moving average of $3.38 and a two-hundred day simple moving average of $3.32. Kolibri Global Energy has a 12-month low of $2.84 and a 12-month high of $5.01.

Kolibri Global Energy (NASDAQ:KGEI) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $14.29 million for the quarter, compared to analyst estimates of $14.20 million.

Institutional Trading of Kolibri Global Energy

Several institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. purchased a new stake in shares of Kolibri Global Energy during the fourth quarter worth about $38,000. Russell Investments Group Ltd. purchased a new stake in shares of Kolibri Global Energy during the fourth quarter worth about $316,000. Finally, TFG Asset Management GP Ltd purchased a new stake in shares of Kolibri Global Energy during the fourth quarter worth about $26,926,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

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.