FY2024 EPS Estimates for Kolibri Global Energy Inc. Reduced by Analyst (NASDAQ:KGEI)

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Research analysts at Edison Inv. Res reduced their FY2024 EPS estimates for Kolibri Global Energy in a research note issued to investors on Monday, May 20th. Edison Inv. Res analyst A. Litvin now forecasts that the company will earn $0.76 per share for the year, down from their previous estimate of $1.07. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.86 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 announced its earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $13.44 million during the quarter.

Kolibri Global Energy Trading Up 1.3 %

NASDAQ KGEI opened at $3.16 on Wednesday. Kolibri Global Energy has a 12 month low of $2.84 and a 12 month high of $5.02. The company’s fifty day moving average price is $3.24 and its two-hundred day moving average price is $3.48.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. bought a new position in Kolibri Global Energy during the 4th quarter valued at $38,000. Russell Investments Group Ltd. acquired a new stake in shares of Kolibri Global Energy during the fourth quarter worth $316,000. Finally, TFG Asset Management GP Ltd acquired a new stake in shares of Kolibri Global Energy during the fourth quarter worth $26,926,000. 27.26% of the stock is currently owned by institutional investors.

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.