Kolibri Global Energy (NASDAQ:KGEI) Stock Price Up 5.7% - Here's Why

Key Points

• Kolibri Global Energy shares rose 5.7% to $6.72, with trading volume reaching 306,421 shares—115% above the average daily volume.
• The company exceeded quarterly expectations, reporting EPS of $0.23 versus the $0.21 consensus and revenue of $22.54 million versus $20.86 million expected.
• Analyst sentiment remains cautious overall, with a consensus “Hold” rating, although Wall Street Zen recently upgraded the stock to “Buy.” Institutional investors own 27.26% of the company.

Kolibri Global Energy Inc. (NASDAQ:KGEI - Get Free Report)'s stock price shot up 5.7% during mid-day trading on Wednesday . The stock traded as high as $6.74 and last traded at $6.72. 306,421 shares traded hands during mid-day trading, an increase of 115% from the average daily volume of 142,687 shares. The stock had previously closed at $6.36.

Analysts Set New Price Targets

Several brokerages have weighed in on KGEI. Wall Street Zen raised shares of Kolibri Global Energy from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kolibri Global Energy in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Kolibri Global Energy Stock Up 5.7%

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.46 and a quick ratio of 0.46. The firm's 50-day moving average price is $5.49 and its 200 day moving average price is $5.26. The firm has a market cap of $240.91 million, a P/E ratio of 12.68, a PEG ratio of 0.83 and a beta of -0.57.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. The company had revenue of $22.54 million for the quarter, compared to the consensus estimate of $20.86 million. Kolibri Global Energy had a net margin of 26.87% and a return on equity of 10.93%. On average, equities research analysts expect that Kolibri Global Energy Inc. will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of Kolibri Global Energy

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Kolibri Global Energy by 1,738.2% during the second quarter. Geode Capital Management LLC now owns 456,214 shares of the company's stock valued at $3,125,000 after buying an additional 431,395 shares in the last quarter. UBS Group AG increased its holdings in shares of Kolibri Global Energy by 46.0% in the 4th quarter. UBS Group AG now owns 1,339,681 shares of the company's stock valued at $5,265,000 after purchasing an additional 421,894 shares during the period. Jefferies Financial Group Inc. boosted its holdings in shares of Kolibri Global Energy by 1,630.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 253,969 shares of the company's stock worth $1,001,000 after purchasing an additional 239,296 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Kolibri Global Energy by 237.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 171,801 shares of the company's stock valued at $1,177,000 after buying an additional 120,953 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Kolibri Global Energy in the first quarter worth $986,000. Hedge funds and other institutional investors own 27.26% of the company's stock.

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. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.

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