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

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kolibri Global Energy in a report on Friday, July 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kolibri Global Energy presently has an average rating of “Hold”.

Kolibri Global Energy Stock Performance

NASDAQ:KGEI opened at $6.04 on Friday. Kolibri Global Energy has a 1-year low of $3.35 and a 1-year high of $6.61. The firm has a 50 day simple moving average of $5.09 and a 200-day simple moving average of $4.99. The firm has a market cap of $215.99 million, a PE ratio of 11.40, a P/E/G ratio of 0.79 and a beta of -0.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.46 and a quick ratio of 0.46.

Kolibri Global Energy (NASDAQ:KGEI) last released its earnings results on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $22.54 million during the quarter, compared to analysts’ expectations 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 analysts expect that Kolibri Global Energy will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Kolibri Global Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Kolibri Global Energy by 0.7% in the 1st quarter. Bank of America Corp DE now owns 372,733 shares of the company’s stock valued at $2,046,000 after purchasing an additional 2,661 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Kolibri Global Energy by 102.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,245 shares of the company’s stock worth $35,000 after purchasing an additional 3,155 shares during the period. Raymond James Financial Inc. acquired a new stake in Kolibri Global Energy during the 2nd quarter worth approximately $25,000. Geode Capital Management LLC increased its position in Kolibri Global Energy by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 378,559 shares of the company’s stock worth $1,488,000 after purchasing an additional 4,367 shares in the last quarter. Finally, Barclays PLC increased its position in Kolibri Global Energy by 10.0% during the 4th quarter. Barclays PLC now owns 48,822 shares of the company’s stock worth $192,000 after purchasing an additional 4,423 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

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.