Kolibri Global Energy (NASDAQ:KGEI) Trading Down 1.1% – Here’s What Happened

Kolibri Global Energy Inc. (NASDAQ:KGEI)’s share price traded down 1.1% during mid-day trading on Thursday . The stock traded as low as $4.26 and last traded at $4.35. 40,117 shares were traded during trading, a decline of 48% from the average session volume of 76,494 shares. The stock had previously closed at $4.40.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zacks Research downgraded Kolibri Global Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kolibri Global Energy in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Kolibri Global Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 24th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $11.00.

Kolibri Global Energy Price Performance

The company’s 50-day moving average is $5.29 and its 200-day moving average is $6.08. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $153.86 million, a price-to-earnings ratio of 8.06, a PEG ratio of 0.59 and a beta of 0.04.

Kolibri Global Energy (NASDAQ:KGEI) last released its earnings results on Monday, August 11th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $11.11 million for the quarter, compared to analysts’ expectations of $20.45 million. Kolibri Global Energy had a net margin of 33.40% and a return on equity of 9.54%. On average, research analysts expect that Kolibri Global Energy Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Kolibri Global Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Kolibri Global Energy during the 2nd quarter worth $25,000. Raymond James Financial Inc. acquired a new stake in shares of Kolibri Global Energy during the 2nd quarter worth $25,000. Farther Finance Advisors LLC acquired a new stake in shares of Kolibri Global Energy during the 2nd quarter worth $28,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Kolibri Global Energy during the 2nd quarter worth $52,000. Finally, Jump Financial LLC acquired a new stake in shares of Kolibri Global Energy during the 2nd quarter worth $96,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Kolibri Global Energy Company Profile

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.