Kolibri Global Energy (NASDAQ:KGEI) Upgraded to Hold at Wall Street Zen

Key Points

• Kolibri Global Energy has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, signaling a more optimistic outlook for the stock.
• The company's quarterly earnings met expectations but revenue fell short, with reported earnings per share of $0.08 and revenue of $11.11 million compared to anticipated $20.45 million.
• Approximately 27.26% of Kolibri Global Energy's stock is owned by institutional investors and hedge funds, indicating interest from major financial players.

Wall Street Zen upgraded shares of Kolibri Global Energy (NASDAQ:KGEI - Free Report) from a sell rating to a hold rating in a report released on Sunday morning.

Kolibri Global Energy Price Performance

NASDAQ KGEI traded up $0.01 on Friday, reaching $5.64. The company had a trading volume of 39,513 shares, compared to its average volume of 107,241. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $199.77 million, a PE ratio of 10.44, a price-to-earnings-growth ratio of 0.71 and a beta of 0.05. The firm's 50 day moving average price is $6.07 and its 200 day moving average price is $6.86. Kolibri Global Energy has a 12 month low of $2.85 and a 12 month high of $9.89.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $11.11 million for the quarter, compared to the consensus estimate of $20.45 million. Kolibri Global Energy had a net margin of 33.40% and a return on equity of 9.54%. As a group, equities analysts predict that Kolibri Global Energy will post 0.48 earnings per share for the current year.

Institutional Trading of Kolibri Global Energy

A number of institutional investors and hedge funds have recently bought and sold shares of KGEI. Ameritas Investment Partners Inc. bought a new stake in Kolibri Global Energy in the 2nd quarter valued at $25,000. Raymond James Financial Inc. bought a new stake in Kolibri Global Energy in the 2nd quarter valued at $25,000. Farther Finance Advisors LLC bought a new stake in Kolibri Global Energy in the 2nd quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Kolibri Global Energy in the 2nd quarter valued at $52,000. Finally, Jump Financial LLC bought a new stake in Kolibri Global Energy in the 2nd quarter valued at $96,000. 27.26% of the stock is currently owned by institutional investors.

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.