Kolibri Global Energy (NASDAQ:KGEI) Rating Increased to Buy at Wall Street Zen

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Kolibri Global Energy in a report on Friday, July 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kolibri Global Energy presently has an average rating of "Hold".

View Our Latest Analysis on KGEI

Kolibri Global Energy Stock Up 3.0%

Shares of NASDAQ:KGEI opened at $5.77 on Friday. The stock's 50-day moving average is $5.08 and its 200 day moving average is $4.97. The company has a market cap of $206.34 million, a PE ratio of 10.89, a P/E/G ratio of 0.77 and a beta of -0.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.75 and a quick ratio of 0.75. Kolibri Global Energy has a 1 year low of $3.35 and a 1 year high of $6.61.

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $22.54 million during the quarter, compared to analysts' expectations of $20.86 million. Kolibri Global Energy had a return on equity of 11.10% and a net margin of 26.87%. Sell-side analysts anticipate that Kolibri Global Energy will post 0.73 EPS for the current year.

Institutional Trading of Kolibri Global Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Kolibri Global Energy by 1,738.2% in the 2nd quarter. Geode Capital Management LLC now owns 456,214 shares of the company's stock worth $3,125,000 after acquiring an additional 431,395 shares in the last quarter. UBS Group AG lifted its position 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 valued at $5,265,000 after acquiring an additional 421,894 shares during the period. Jefferies Financial Group Inc. lifted its position 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 valued at $1,001,000 after acquiring an additional 239,296 shares during the period. JPMorgan Chase & Co. boosted its stake in Kolibri Global Energy by 237.9% during the second quarter. JPMorgan Chase & Co. now owns 171,801 shares of the company's stock worth $1,177,000 after acquiring an additional 120,953 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Kolibri Global Energy during the first quarter worth about $986,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Kolibri Global Energy Company Profile

(Get Free Report)

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.

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