Kolibri Global Energy (NASDAQ:KGEI) Rating Increased to Buy 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 report sent to investors on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kolibri Global Energy in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kolibri Global Energy Price Performance

Shares of NASDAQ KGEI opened at $6.11 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.49 and a current ratio of 0.49. Kolibri Global Energy has a fifty-two week low of $3.35 and a fifty-two week high of $8.27. The firm has a market capitalization of $217.03 million, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.84 and a beta of -0.55. The stock’s 50-day simple moving average is $5.24 and its 200-day simple moving average is $4.40.

Kolibri Global Energy (NASDAQ:KGEI) last issued its earnings results on Thursday, March 19th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Kolibri Global Energy had a return on equity of 8.51% and a net margin of 22.67%.The business had revenue of $14.74 million for the quarter, compared to analyst estimates of $22.64 million. As a group, equities research analysts forecast that Kolibri Global Energy will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its stake in Kolibri Global Energy by 46.0% during the 4th quarter. UBS Group AG now owns 1,339,681 shares of the company’s stock worth $5,265,000 after buying an additional 421,894 shares during the last quarter. Bank of America Corp DE grew its stake in Kolibri Global Energy by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 555,979 shares of the company’s stock worth $3,808,000 after buying an additional 37,207 shares during the last quarter. Geode Capital Management LLC grew its stake in Kolibri Global Energy by 1,738.2% during the 2nd quarter. Geode Capital Management LLC now owns 456,214 shares of the company’s stock worth $3,125,000 after buying an additional 431,395 shares during the last quarter. Jefferies Financial Group Inc. grew its stake in Kolibri Global Energy by 1,630.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 253,969 shares of the company’s stock worth $1,001,000 after buying an additional 239,296 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Kolibri Global Energy by 237.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 171,801 shares of the company’s stock worth $1,177,000 after buying an additional 120,953 shares during the last quarter. 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.