Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08, Zacks reports. The firm had revenue of $11.11 million during the quarter, compared to analyst estimates of $20.45 million. Kolibri Global Energy had a return on equity of 9.54% and a net margin of 33.40%.
Kolibri Global Energy Stock Down 1.1%
Shares of NASDAQ:KGEI traded down $0.06 during trading on Thursday, hitting $5.65. 71,843 shares of the company's stock traded hands, compared to its average volume of 175,918. Kolibri Global Energy has a 52 week low of $2.85 and a 52 week high of $9.89. The company has a current ratio of 0.39, a quick ratio of 0.70 and a debt-to-equity ratio of 0.15. The company has a market cap of $200.91 million, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 0.79 and a beta of 0.05. The company has a 50-day moving average price of $6.43 and a 200-day moving average price of $7.03.
Hedge Funds Weigh In On Kolibri Global Energy
Several institutional investors have recently modified their holdings of KGEI. Geode Capital Management LLC lifted its stake in Kolibri Global Energy by 1,738.2% in the 2nd quarter. Geode Capital Management LLC now owns 456,214 shares of the company's stock valued at $3,125,000 after acquiring an additional 431,395 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Kolibri Global Energy by 237.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 171,801 shares of the company's stock valued at $1,177,000 after acquiring an additional 120,953 shares in the last quarter. Marshall Wace LLP lifted its stake in Kolibri Global Energy by 220.4% in the 2nd quarter. Marshall Wace LLP now owns 155,423 shares of the company's stock valued at $1,065,000 after acquiring an additional 106,912 shares in the last quarter. Jane Street Group LLC bought a new stake in Kolibri Global Energy in the 1st quarter valued at approximately $986,000. Finally, Goldman Sachs Group Inc. bought a new stake in Kolibri Global Energy in the 1st quarter valued at approximately $919,000. Institutional investors own 27.26% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Kolibri Global Energy from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th.
Check Out Our Latest Stock Report on KGEI
Kolibri Global Energy Company Profile
(
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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.
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