Kolibri Global Energy (NASDAQ:KGEI) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Kolibri Global Energy Inc. (NASDAQ:KGEI)’s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $5.40 and traded as low as $5.23. Kolibri Global Energy shares last traded at $5.24, with a volume of 153,845 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Weiss Ratings raised shares of Kolibri Global Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 28th. Wall Street Zen raised Kolibri Global Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Kolibri Global Energy Price Performance

The stock has a market cap of $188.38 million, a P/E ratio of 9.89, a P/E/G ratio of 0.70 and a beta of -0.64. The business has a 50 day simple moving average of $6.51 and a 200-day simple moving average of $5.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.46 and a current 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 analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $22.54 million for the quarter, compared to analysts’ expectations of $20.86 million. Kolibri Global Energy had a return on equity of 10.93% and a net margin of 26.87%. On average, sell-side analysts forecast that Kolibri Global Energy Inc. will post 0.83 EPS for the current year.

Institutional Trading of Kolibri Global Energy

A number of large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in Kolibri Global Energy by 27.7% in the third quarter. Russell Investments Group Ltd. now owns 92,391 shares of the company’s stock valued at $571,000 after acquiring an additional 20,032 shares during the last quarter. M Holdings Securities Inc. grew its position in shares of Kolibri Global Energy by 27.3% during the 3rd quarter. M Holdings Securities Inc. now owns 75,000 shares of the company’s stock valued at $488,000 after acquiring an additional 16,073 shares during the period. Abel Hall LLC grew its position in shares of Kolibri Global Energy by 54.8% during the 3rd quarter. Abel Hall LLC now owns 17,941 shares of the company’s stock valued at $111,000 after acquiring an additional 6,348 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Kolibri Global Energy during the 2nd quarter worth approximately $293,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Kolibri Global Energy during the 2nd quarter worth approximately $628,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

About Kolibri Global Energy

Kolibri Global Energy Inc is a Canadian-based energy company focused on the exploration, development and production of oil and natural gas. The company’s operations are concentrated in the United States, where it seeks to develop conventional and unconventional hydrocarbon resources.

Kolibri’s primary asset is the Tishomingo Field in southern Oklahoma, which includes the company’s Sonora development. Its activities include drilling and completing wells, operating producing properties, and managing the infrastructure required to gather and market oil and natural gas.

The company was formerly known as BNK Petroleum Inc before adopting the Kolibri Global Energy name.