Kolibri Global Energy (NASDAQ:KGEI) Stock Rating Lowered by Wall Street Zen

Key Points

• Kolibri Global Energy has been downgraded by Wall Street Zen from a "hold" rating to a "sell" rating, signaling a negative outlook for the company.
• The company reported $0.08 earnings per share for its recent quarter, matching the consensus estimate, but its revenue of $11.11 million fell short of expectations.
• Institutional investors have shown interest, with notable new stakes totaling around $25,000 to $96,000 acquired by multiple firms during the second quarter.

Wall Street Zen cut shares of Kolibri Global Energy (NASDAQ:KGEI - Free Report) from a hold rating to a sell rating in a report issued on Saturday morning.

Kolibri Global Energy Stock Performance

Shares of NASDAQ KGEI traded down $0.15 during trading on Friday, reaching $5.31. The stock had a trading volume of 180,283 shares, compared to its average volume of 114,930. Kolibri Global Energy has a one year low of $2.85 and a one year high of $9.89. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $188.08 million, a PE ratio of 9.83, a P/E/G ratio of 0.68 and a beta of 0.05. The firm's 50 day moving average price is $6.30 and its two-hundred day moving average price is $6.97.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. Kolibri Global Energy had a return on equity of 9.54% and a net margin of 33.40%.The business had revenue of $11.11 million during the quarter, compared to the consensus estimate of $20.45 million. On average, research analysts forecast that Kolibri Global Energy will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kolibri Global Energy

A number of institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new stake in shares of Kolibri Global Energy in the 2nd quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new position in Kolibri Global Energy during the 2nd quarter worth $25,000. Farther Finance Advisors LLC bought a new position in Kolibri Global Energy during the 2nd quarter worth $28,000. Police & Firemen s Retirement System of New Jersey bought a new position in Kolibri Global Energy during the 2nd quarter worth $52,000. Finally, Jump Financial LLC bought a new position in Kolibri Global Energy during the 2nd quarter worth $96,000. 27.26% of the stock is currently owned by 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.