Roth Capital Has Negative Outlook of KGEI FY2024 Earnings

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Roth Capital cut their FY2024 earnings per share estimates for Kolibri Global Energy in a report issued on Monday, February 17th. Roth Capital analyst J. White now forecasts that the company will post earnings of $0.48 per share for the year, down from their prior forecast of $0.49. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.49 per share. Roth Capital also issued estimates for Kolibri Global Energy’s Q4 2024 earnings at $0.14 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.23 EPS and FY2025 earnings at $0.83 EPS.

Separately, Roth Mkm raised their price objective on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the company a “buy” rating in a research note on Tuesday.

Kolibri Global Energy Price Performance

Kolibri Global Energy stock opened at $9.23 on Thursday. The company has a market cap of $327.48 million, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.04 and a beta of 0.02. Kolibri Global Energy has a one year low of $2.85 and a one year high of $9.89. The business has a fifty day moving average of $6.70 and a two-hundred day moving average of $4.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67.

Hedge Funds Weigh In On Kolibri Global Energy

Several hedge funds have recently bought and sold shares of KGEI. National Bank of Canada FI acquired a new stake in Kolibri Global Energy in the third quarter valued at $140,000. Truffle Hound Capital LLC acquired a new stake in Kolibri Global Energy in the 4th quarter valued at about $2,660,000. 683 Capital Management LLC purchased a new position in Kolibri Global Energy during the 4th quarter valued at about $364,000. Millennium Management LLC raised its position in Kolibri Global Energy by 47.0% during the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock worth $335,000 after acquiring an additional 20,135 shares during the last quarter. Finally, TFG Asset Management GP Ltd lifted its holdings in shares of Kolibri Global Energy by 37.7% in the fourth quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company’s stock valued at $51,815,000 after purchasing an additional 2,669,067 shares in the last quarter. 27.26% of the stock is 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.