Kolibri Global Energy (NASDAQ:KGEI) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Kolibri Global Energy (NASDAQ:KGEI) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

KGEI has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Kolibri Global Energy in a research note on Friday, October 31st. Wall Street Zen raised shares of Kolibri Global Energy from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Kolibri Global Energy presently has an average rating of “Hold” and an average target price of $11.00.

Kolibri Global Energy Stock Up 1.3%

Shares of KGEI traded up $0.05 during trading hours on Tuesday, reaching $3.60. The company’s stock had a trading volume of 11,325 shares, compared to its average volume of 119,733. The company has a 50 day moving average of $3.93 and a two-hundred day moving average of $5.00. Kolibri Global Energy has a 1-year low of $3.35 and a 1-year high of $9.89. The firm has a market cap of $127.40 million, a price-to-earnings ratio of 7.19, a P/E/G ratio of 0.93 and a beta of 0.11. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.23.

Kolibri Global Energy (NASDAQ:KGEI) last issued its earnings results on Wednesday, November 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Kolibri Global Energy had a net margin of 29.74% and a return on equity of 9.37%. The company had revenue of $15.19 million for the quarter, compared to analyst estimates of $21.89 million. As a group, research analysts predict that Kolibri Global Energy will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KGEI. Ameritas Investment Partners Inc. acquired a new stake in shares of Kolibri Global Energy in the second quarter valued at about $25,000. Raymond James Financial Inc. bought a new stake in Kolibri Global Energy during the 2nd quarter valued at approximately $25,000. Farther Finance Advisors LLC acquired a new stake in Kolibri Global Energy in the 2nd quarter valued at approximately $28,000. BNP Paribas Financial Markets increased its position in Kolibri Global Energy by 102.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,245 shares of the company’s stock worth $35,000 after buying an additional 3,155 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in Kolibri Global Energy in the 2nd quarter worth approximately $52,000. 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. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.