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 released on Saturday morning.

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

Kolibri Global Energy Trading Up 3.0%

Shares of NASDAQ:KGEI opened at $5.77 on Friday. Kolibri Global Energy has a 12-month low of $3.35 and a 12-month high of $6.61. The company has a market capitalization of $206.34 million, a PE ratio of 10.89, a PEG ratio of 0.79 and a beta of -0.60. The business has a 50 day moving average of $5.08 and a two-hundred day moving average of $4.97. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.23.

Kolibri Global Energy (NASDAQ:KGEI) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $22.54 million for 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 11.10%. As a group, analysts forecast that Kolibri Global Energy will post 0.73 EPS for the current year.

Institutional Trading of Kolibri Global Energy

Several institutional investors have recently bought and sold shares of KGEI. Jefferies Financial Group Inc. increased its holdings in Kolibri Global Energy by 1,630.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 253,969 shares of the company’s stock worth $1,001,000 after acquiring an additional 239,296 shares in the last quarter. UBS Group AG lifted its holdings in Kolibri Global Energy by 46.0% during the fourth quarter. UBS Group AG now owns 1,339,681 shares of the company’s stock valued at $5,265,000 after purchasing an additional 421,894 shares in the last quarter. Callahan Advisors LLC acquired a new stake in shares of Kolibri Global Energy in the fourth quarter valued at about $43,000. Bank of America Corp DE grew its position in shares of Kolibri Global Energy by 0.7% in the first 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 during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Kolibri Global Energy by 276.9% during the fourth quarter. Russell Investments Group Ltd. now owns 15,470 shares of the company’s stock worth $61,000 after purchasing an additional 11,365 shares in the last quarter. 27.26% of the stock is 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.