Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.
Kolibri Global Energy Stock Down 2.9%
NASDAQ KGEI traded down $0.18 during trading hours on Friday, reaching $5.96. 153,667 shares of the company's stock were exchanged, compared to its average volume of 102,468. The company's 50-day moving average is $6.71 and its two-hundred day moving average is $7.07. 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 0.14, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $211.64 million, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 0.75 and a beta of 0.06.
Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $16.37 million during the quarter, compared to analysts' expectations of $25.32 million. Kolibri Global Energy had a net margin of 33.85% and a return on equity of 10.44%. On average, analysts forecast that Kolibri Global Energy will post 0.48 EPS for the current fiscal year.
Hedge Funds Weigh In On Kolibri Global Energy
Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new position in shares of Kolibri Global Energy during the 2nd quarter worth approximately $28,000. Acadian Asset Management LLC acquired a new stake in shares of Kolibri Global Energy in the 1st quarter valued at approximately $174,000. Empowered Funds LLC acquired a new stake in shares of Kolibri Global Energy in the 1st quarter valued at approximately $210,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Kolibri Global Energy in the 1st quarter valued at approximately $364,000. Finally, Millennium Management LLC boosted its holdings in shares of Kolibri Global Energy by 47.0% in the 4th quarter. Millennium Management LLC now owns 62,992 shares of the company's stock valued at $335,000 after buying an additional 20,135 shares during the last quarter. 27.26% of the stock is owned by institutional investors.
Kolibri Global Energy Company Profile
(
Get Free Report)
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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