Kolibri Global Energy (NASDAQ:KGEI) Stock Price Up 2.1% - Time to Buy?

Key Points

• Kolibri Global Energy Inc. shares increased by 2.1% to $5.87, although trading volume saw a 39% decrease from its average.
• The company was recently downgraded from a "buy" rating to a "hold" rating by Wall Street Zen.
• Kolibri reported quarterly earnings of $0.16 per share, surpassing estimates, but its revenue of $16.37 million fell short of analyst expectations of $25.32 million.

Kolibri Global Energy Inc. (NASDAQ:KGEI - Get Free Report)'s stock price shot up 2.1% during mid-day trading on Wednesday . The company traded as high as $6.00 and last traded at $5.87. 95,058 shares were traded during mid-day trading, a decline of 39% from the average session volume of 156,380 shares. The stock had previously closed at $5.75.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Kolibri Global Energy from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th.

Kolibri Global Energy Price Performance

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 stock's fifty day moving average price is $6.50 and its 200-day moving average price is $7.07. The firm has a market cap of $215.49 million, a PE ratio of 10.63, a P/E/G ratio of 0.74 and a beta of 0.05.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $16.37 million for the quarter, compared to analyst estimates of $25.32 million. Kolibri Global Energy had a return on equity of 10.44% and a net margin of 33.85%. As a group, equities analysts forecast that Kolibri Global Energy Inc. will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Kolibri Global Energy

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in shares of Kolibri Global Energy in the second quarter valued at approximately $28,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Kolibri Global Energy during the second quarter worth approximately $52,000. Intech Investment Management LLC purchased a new position in Kolibri Global Energy during the second quarter worth approximately $116,000. Acadian Asset Management LLC acquired a new position in shares of Kolibri Global Energy in the 1st quarter valued at $174,000. Finally, Empowered Funds LLC acquired a new position in shares of Kolibri Global Energy in the 1st quarter valued at $210,000. Institutional investors and hedge funds 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.