Kolibri Global Energy (NASDAQ:KGEI) Rating Increased to Buy at Wall Street Zen

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Sunday.

Separately, Roth Mkm lifted their target price on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th.

Kolibri Global Energy Trading Up 1.5%

KGEI opened at $6.82 on Friday. The company's 50 day moving average is $6.81 and its 200-day moving average is $6.72. Kolibri Global Energy has a 1-year low of $2.85 and a 1-year high of $9.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The company has a market cap of $241.76 million, a P/E ratio of 14.21, a PEG ratio of 0.81 and a beta of 0.17.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Kolibri Global Energy had a net margin of 31.60% and a return on equity of 9.18%. The business had revenue of $16.37 million for the quarter, compared to the consensus estimate of $25.32 million. Equities research analysts predict that Kolibri Global Energy will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KGEI. Truffle Hound Capital LLC bought a new position in Kolibri Global Energy during the 4th quarter worth approximately $2,660,000. 683 Capital Management LLC bought a new position in Kolibri Global Energy during the 4th quarter worth approximately $364,000. Millennium Management LLC raised its holdings in Kolibri Global Energy by 47.0% during the 4th 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. TFG Asset Management GP Ltd raised its holdings in Kolibri Global Energy by 37.7% during the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company's stock worth $51,815,000 after purchasing an additional 2,669,067 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Kolibri Global Energy during the 1st quarter worth approximately $2,125,000. Institutional investors own 27.26% of the company's stock.

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.

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