Kolibri Global Energy (NASDAQ:KGEI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Kolibri Global Energy (NASDAQ:KGEI) posted its quarterly earnings data on Tuesday. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02, Zacks reports. Kolibri Global Energy had a net margin of 31.60% and a return on equity of 9.18%. The business had revenue of $17.37 million for the quarter, compared to analyst estimates of $25.76 million.

Kolibri Global Energy Price Performance

Shares of NASDAQ KGEI opened at $7.87 on Thursday. Kolibri Global Energy has a twelve month low of $2.85 and a twelve month high of $9.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $7.74 and a two-hundred day moving average of $5.38. The company has a market capitalization of $279.36 million, a price-to-earnings ratio of 16.40, a PEG ratio of 0.81 and a beta of 0.10.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm increased their price target on Kolibri Global Energy from $6.75 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th.

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.