Research Analysts Set Expectations for Kolibri Global Energy Inc.’s Q4 2024 Earnings (NASDAQ:KGEI)

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Equities researchers at Roth Capital reduced their Q4 2024 earnings per share estimates for shares of Kolibri Global Energy in a note issued to investors on Sunday, August 4th. Roth Capital analyst J. White now anticipates that the company will earn $0.17 per share for the quarter, down from their prior forecast of $0.22. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.66 per share.

Kolibri Global Energy Trading Down 0.2 %

Shares of NASDAQ:KGEI opened at $3.14 on Wednesday. The business’s fifty day moving average price is $3.42 and its two-hundred day moving average price is $3.30. Kolibri Global Energy has a one year low of $2.84 and a one year high of $4.93.

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

Institutional Investors Weigh In On Kolibri Global Energy

A number of large investors have recently bought and sold shares of KGEI. TFG Asset Management GP Ltd acquired a new stake in Kolibri Global Energy during the 4th quarter valued at $26,926,000. Russell Investments Group Ltd. acquired a new stake in Kolibri Global Energy during the 4th quarter valued at $316,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Kolibri Global Energy during the 4th quarter valued at $38,000. Institutional investors and hedge funds 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.