Kolibri Global Energy (NASDAQ:KGEI) Trading 5.7% Higher – Here’s Why

Kolibri Global Energy Inc. (NASDAQ:KGEI) shares traded up 5.7% during trading on Wednesday . The stock traded as high as $6.74 and last traded at $6.72. 306,421 shares were traded during mid-day trading, an increase of 115% from the average session volume of 142,687 shares. The stock had previously closed at $6.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kolibri Global Energy in a research note on Friday, July 24th. Wall Street Zen raised shares of Kolibri Global Energy from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Kolibri Global Energy Price Performance

The stock has a 50-day moving average of $5.52 and a two-hundred day moving average of $5.28. The firm has a market cap of $235.18 million, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.87 and a beta of -0.57. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.20.

Kolibri Global Energy (NASDAQ:KGEI) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Kolibri Global Energy had a return on equity of 10.93% and a net margin of 26.87%.The business had revenue of $22.54 million for the quarter, compared to the consensus estimate of $20.86 million. On average, analysts anticipate that Kolibri Global Energy Inc. will post 0.77 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KGEI. Jefferies Financial Group Inc. raised its position in shares of Kolibri Global Energy by 1,630.9% during the fourth quarter. Jefferies Financial Group Inc. now owns 253,969 shares of the company’s stock valued at $1,001,000 after buying an additional 239,296 shares during the last quarter. UBS Group AG increased its stake in Kolibri Global Energy by 46.0% during the fourth 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. Callahan Advisors LLC acquired a new position in Kolibri Global Energy in the 4th quarter valued at approximately $43,000. Bank of New York Mellon Corp bought a new stake in shares of Kolibri Global Energy in the 2nd quarter worth approximately $328,000. Finally, Bank of America Corp DE grew its holdings in shares of Kolibri Global Energy by 0.7% during the 1st quarter. Bank of America Corp DE now owns 372,733 shares of the company’s stock worth $2,046,000 after purchasing an additional 2,661 shares in the last quarter. 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. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.