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

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

Kolibri Global Energy Price Performance

NASDAQ KGEI traded down $0.22 during trading hours on Wednesday, reaching $3.98. The company’s stock had a trading volume of 85,253 shares, compared to its average volume of 151,509. Kolibri Global Energy has a 1 year low of $3.34 and a 1 year high of $9.89. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $140.60 million, a price-to-earnings ratio of 7.36, a PEG ratio of 0.57 and a beta of 0.03. The firm’s 50-day moving average price is $5.07 and its 200-day moving average price is $5.90.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen upgraded Kolibri Global Energy from a “sell” rating to a “hold” rating in a research report on Sunday, August 24th. Zacks Research cut 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 reaffirmed a “hold (c)” rating on shares of Kolibri Global Energy in a report on Friday, October 31st. One 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 stock has a consensus rating of “Hold” and a consensus target price of $11.00.

Hedge Funds Weigh In On Kolibri Global Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Kolibri Global Energy during the second quarter valued at $25,000. Jump Financial LLC purchased a new position in shares of Kolibri Global Energy during the second quarter valued at about $96,000. New York State Common Retirement Fund bought a new stake in shares of Kolibri Global Energy in the second quarter worth about $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Kolibri Global Energy in the second quarter worth about $132,000. Finally, Acadian Asset Management LLC purchased a new position in Kolibri Global Energy during the 1st quarter valued at approximately $174,000. Institutional investors own 27.26% of the company’s stock.

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.