Wall Street Zen Upgrades Kolibri Global Energy (NASDAQ:KGEI) to Buy

Kolibri Global Energy (NASDAQ:KGEI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

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

Kolibri Global Energy Stock Performance

Shares of Kolibri Global Energy stock opened at $5.77 on Friday. Kolibri Global Energy has a 52-week low of $3.35 and a 52-week high of $6.61. The firm has a market capitalization of $206.34 million, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.79 and a beta of -0.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.46 and a quick ratio of 0.46. The company’s fifty day moving average price is $5.08 and its two-hundred day moving average price is $4.98.

Kolibri Global Energy (NASDAQ:KGEI) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Kolibri Global Energy had a net margin of 26.87% and a return on equity of 10.93%. The company had revenue of $22.54 million during the quarter, compared to the consensus estimate of $20.86 million. On average, analysts expect that Kolibri Global Energy will post 0.73 EPS for the current year.

Institutional Trading of Kolibri Global Energy

A number of large investors have recently bought and sold shares of the stock. UBS Group AG raised 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 worth $5,265,000 after acquiring an additional 421,894 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Kolibri Global Energy by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 555,979 shares of the company’s stock valued at $3,808,000 after purchasing an additional 37,207 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $3,125,000 after purchasing an additional 431,395 shares in the last quarter. Jefferies Financial Group Inc. grew its holdings in shares of Kolibri Global Energy by 1,630.9% in the 4th quarter. Jefferies Financial Group Inc. now owns 253,969 shares of the company’s stock worth $1,001,000 after purchasing an additional 239,296 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Kolibri Global Energy by 237.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 171,801 shares of the company’s stock worth $1,177,000 after purchasing an additional 120,953 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors.

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. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.