Kolibri Global Energy (NASDAQ:KGEI) Announces Earnings Results, Misses Expectations By $0.02 EPS

Kolibri Global Energy (NASDAQ:KGEI) announced its earnings results on Wednesday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02), Zacks reports. Kolibri Global Energy had a return on equity of 9.54% and a net margin of 33.40%.

Kolibri Global Energy Stock Down 5.3%

Shares of Kolibri Global Energy stock traded down $0.22 during trading hours on Wednesday, reaching $3.97. 90,172 shares of the company’s stock were exchanged, compared to its average volume of 151,521. The stock has a market cap of $140.42 million, a P/E ratio of 7.35, a P/E/G ratio of 0.57 and a beta of 0.03. The company has a 50 day moving average of $5.07 and a two-hundred day moving average of $5.90. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.15. Kolibri Global Energy has a fifty-two week low of $3.34 and a fifty-two week high of $9.89.

Analysts Set New Price Targets

Several research firms have recently weighed in on KGEI. Wall Street Zen upgraded shares of Kolibri Global Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 24th. Zacks Research lowered shares of Kolibri Global Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kolibri Global Energy in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Kolibri Global Energy during the 2nd quarter worth approximately $25,000. Jump Financial LLC bought a new position in shares of Kolibri Global Energy in the 2nd quarter valued at about $96,000. New York State Common Retirement Fund acquired a new position in shares of Kolibri Global Energy during the 2nd quarter worth about $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Kolibri Global Energy during the 2nd quarter worth about $132,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Kolibri Global Energy in the 1st quarter valued at about $174,000. 27.26% of the stock is currently owned by institutional investors.

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.