Edison Inv. Res Comments on Kolibri Global Energy Inc.’s FY2024 Earnings (NASDAQ:KGEI)

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Equities researchers at Edison Inv. Res cut their FY2024 EPS estimates for Kolibri Global Energy in a research report issued on Monday, May 20th. Edison Inv. Res analyst A. Litvin now anticipates that the company will post earnings per share of $0.76 for the year, down from their previous forecast of $1.07. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.70 per share. Edison Inv. Res also issued estimates for Kolibri Global Energy’s FY2025 earnings at $0.82 EPS.

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

Kolibri Global Energy Price Performance

Shares of KGEI opened at $3.27 on Wednesday. The firm has a fifty day moving average price of $3.23 and a 200-day moving average price of $3.47. Kolibri Global Energy has a 12-month low of $2.84 and a 12-month high of $5.02.

Institutional Trading of Kolibri Global Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. TFG Asset Management GP Ltd bought a new stake in shares of Kolibri Global Energy in the fourth quarter valued at about $26,926,000. Russell Investments Group Ltd. purchased a new position in Kolibri Global Energy during the 4th quarter valued at about $316,000. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Kolibri Global Energy in the 4th quarter valued at about $38,000. Institutional investors 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.