Roth Capital Brokers Cut Earnings Estimates for Kolibri Global Energy Inc. (NASDAQ:KGEI)

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Analysts at Roth Capital lowered their Q1 2024 earnings per share estimates for Kolibri Global Energy in a research report issued to clients and investors on Monday, May 6th. Roth Capital analyst J. White now expects that the company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.12. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.90 per share. Roth Capital also issued estimates for Kolibri Global Energy’s Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.19 EPS and FY2024 earnings at $0.64 EPS.

Kolibri Global Energy Stock Performance

Shares of Kolibri Global Energy stock opened at $3.34 on Tuesday. The firm has a fifty day simple moving average of $3.32. Kolibri Global Energy has a 12 month low of $2.84 and a 12 month high of $5.02.

Kolibri Global Energy (NASDAQ:KGEI) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $13.44 million for the quarter.

Institutional Investors Weigh In On Kolibri Global Energy

Hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. purchased a new position in Kolibri Global Energy in the 4th quarter valued at $38,000. Russell Investments Group Ltd. acquired a new stake in shares of Kolibri Global Energy in the 4th quarter worth $316,000. Finally, TFG Asset Management GP Ltd purchased a new stake in shares of Kolibri Global Energy in the fourth quarter valued at about $26,926,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc engages in the exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces 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.