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

Wall Street Zen upgraded shares of Kolibri Global Energy (NASDAQ:KGEI) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other equities research analysts also recently issued reports on the company. Zacks Research downgraded Kolibri Global Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Kolibri Global Energy in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

Kolibri Global Energy Trading Down 1.5%

Shares of KGEI opened at $4.01 on Friday. The stock has a market capitalization of $141.78 million, a PE ratio of 8.02, a P/E/G ratio of 0.88 and a beta of 0.09. The company’s fifty day moving average is $4.34 and its 200 day moving average is $5.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.70 and a current ratio of 0.70. Kolibri Global Energy has a fifty-two week low of $3.71 and a fifty-two week high of $9.89.

Kolibri Global Energy (NASDAQ:KGEI) last posted its earnings results on Wednesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Kolibri Global Energy had a return on equity of 9.37% and a net margin of 29.74%.The business had revenue of $15.19 million during the quarter, compared to the consensus estimate of $21.89 million. Sell-side analysts expect that Kolibri Global Energy will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kolibri Global Energy

Several hedge funds and other institutional investors have recently modified their holdings of KGEI. Raymond James Financial Inc. bought a new stake in shares of Kolibri Global Energy during the 2nd quarter worth approximately $25,000. Ameritas Investment Partners Inc. purchased a new stake in Kolibri Global Energy in the second quarter worth $25,000. Farther Finance Advisors LLC bought a new stake in shares of Kolibri Global Energy during the second quarter worth $28,000. BNP Paribas Financial Markets boosted its stake in shares of Kolibri Global Energy by 102.1% during the third quarter. BNP Paribas Financial Markets now owns 6,245 shares of the company’s stock valued at $35,000 after purchasing an additional 3,155 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Kolibri Global Energy during the second quarter valued at $52,000. 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.