Kolibri Global Energy (NASDAQ:KGEI) Price Target Raised to $11.00

Kolibri Global Energy (NASDAQ:KGEI) had its price objective lifted by Roth Mkm from $6.75 to $11.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Kolibri Global Energy Trading Down 8.1 %

Shares of NASDAQ:KGEI opened at $8.48 on Tuesday. The stock has a market capitalization of $300.87 million, a price-to-earnings ratio of 17.67, a PEG ratio of 1.16 and a beta of 0.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50-day simple moving average is $6.77 and its two-hundred day simple moving average is $4.60. Kolibri Global Energy has a 52-week low of $2.85 and a 52-week high of $9.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its position in Kolibri Global Energy by 47.0% in the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock worth $335,000 after purchasing an additional 20,135 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Kolibri Global Energy in the third quarter worth about $140,000. 683 Capital Management LLC bought a new position in shares of Kolibri Global Energy in the fourth quarter worth about $364,000. Truffle Hound Capital LLC bought a new position in shares of Kolibri Global Energy in the fourth quarter worth about $2,660,000. Finally, TFG Asset Management GP Ltd raised its stake 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 worth $51,815,000 after buying an additional 2,669,067 shares during the period. 27.26% of the stock is owned by hedge funds and other institutional investors.

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.