Kolibri Global Energy (NASDAQ:KGEI) Shares Up 2.5% – What’s Next?

Kolibri Global Energy Inc. (NASDAQ:KGEI)’s stock price rose 2.5% during mid-day trading on Monday . The stock traded as high as $4.08 and last traded at $4.04. Approximately 293,432 shares changed hands during mid-day trading, an increase of 149% from the average daily volume of 118,029 shares. The stock had previously closed at $3.94.

Wall Street Analyst Weigh In

KGEI has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kolibri Global Energy in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Kolibri Global Energy from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Zacks Research raised shares of Kolibri Global Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two research 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 Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $142.98 million, a PE ratio of 8.08, a P/E/G ratio of 1.09 and a beta of 0.11. The firm has a fifty day moving average price of $3.82 and a 200 day moving average price of $4.52.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KGEI. Empowered Funds LLC raised its holdings in shares of Kolibri Global Energy by 9.1% during the fourth quarter. Empowered Funds LLC now owns 56,655 shares of the company’s stock valued at $223,000 after acquiring an additional 4,723 shares during the period. Bridgeway Capital Management LLC grew its position in Kolibri Global Energy by 23.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 76,655 shares of the company’s stock worth $301,000 after purchasing an additional 14,723 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Kolibri Global Energy by 276.9% during the 4th quarter. Russell Investments Group Ltd. now owns 15,470 shares of the company’s stock valued at $61,000 after purchasing an additional 11,365 shares during the period. Barclays PLC lifted its holdings in shares of Kolibri Global Energy by 10.0% in the fourth quarter. Barclays PLC now owns 48,822 shares of the company’s stock valued at $192,000 after purchasing an additional 4,423 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Kolibri Global Energy by 51.9% in the fourth quarter. Wells Fargo & Company MN now owns 33,269 shares of the company’s stock valued at $131,000 after purchasing an additional 11,361 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

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.