Kolibri Global Energy (NASDAQ:KGEI) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Kolibri Global Energy's stock has received a "hold (C+)" rating from Weiss Ratings, maintaining the previous rating.
• The company's latest earnings report revealed an EPS of $0.08, matching analysts' expectations, but revenue fell significantly short at $11.11 million versus the $20.45 million estimate.
• Institutional investors currently hold 27.26% of Kolibri Global Energy's stock after several acquired stakes in the second quarter.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Kolibri Global Energy from a "sell" rating to a "hold" rating in a report on Sunday, August 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

Kolibri Global Energy Trading Down 0.4%

Shares of NASDAQ KGEI opened at $5.59 on Wednesday. Kolibri Global Energy has a one year low of $2.91 and a one year high of $9.89. The firm has a market capitalization of $197.77 million, a PE ratio of 10.35, a PEG ratio of 0.70 and a beta of 0.04. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $5.61 and a two-hundred day moving average price of $6.39.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.08 EPS for the quarter, hitting 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 firm had revenue of $11.11 million during the quarter, compared to analyst estimates of $20.45 million. As a group, analysts predict that Kolibri Global Energy will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kolibri Global Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Kolibri Global Energy in the 2nd quarter worth approximately $25,000. Ameritas Investment Partners Inc. acquired a new stake in Kolibri Global Energy in the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC acquired a new stake in Kolibri Global Energy in the 2nd quarter worth approximately $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Kolibri Global Energy in the 2nd quarter worth approximately $52,000. Finally, Jump Financial LLC acquired a new stake in Kolibri Global Energy in the 2nd quarter worth approximately $96,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.