Kolibri Global Energy (NASDAQ:KGEI) Rating Lowered to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Kolibri Global Energy (NASDAQ:KGEI) from a buy rating to a hold rating in a research report report published on Saturday.

Kolibri Global Energy Price Performance

KGEI opened at $5.98 on Friday. The business’s 50-day moving average is $6.71 and its two-hundred day moving average is $7.09. Kolibri Global Energy has a 1 year low of $2.85 and a 1 year high of $9.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $212.35 million, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.73 and a beta of 0.06.

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

Institutional Investors Weigh In On Kolibri Global Energy

A number of large investors have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new stake in shares of Kolibri Global Energy during the second quarter worth about $28,000. Millennium Management LLC grew its stake in shares of Kolibri Global Energy by 47.0% during the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock worth $335,000 after acquiring an additional 20,135 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Kolibri Global Energy during the first quarter worth about $174,000. Empowered Funds LLC purchased a new stake in shares of Kolibri Global Energy during the first quarter worth about $210,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Kolibri Global Energy during the first quarter worth about $364,000. 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.