Kolibri Global Energy (NASDAQ:KGEI) Rating Lowered to “Hold” at Wall Street Zen

Kolibri Global Energy (NASDAQ:KGEI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kolibri Global Energy in a research note on Monday, April 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kolibri Global Energy Price Performance

Shares of NASDAQ KGEI opened at $4.64 on Friday. The company has a market cap of $165.93 million, a price-to-earnings ratio of 12.21, a PEG ratio of 0.64 and a beta of -0.59. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.23. Kolibri Global Energy has a 12 month low of $3.35 and a 12 month high of $6.80. The stock has a 50-day moving average price of $5.34 and a two-hundred day moving average price of $4.68.

Kolibri Global Energy (NASDAQ:KGEI) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $19.57 million during the quarter, compared to analyst estimates of $19.21 million. Kolibri Global Energy had a net margin of 22.67% and a return on equity of 8.42%. As a group, analysts forecast that Kolibri Global Energy will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kolibri Global Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in 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 buying an additional 431,395 shares during the last quarter. UBS Group AG boosted its position in Kolibri Global Energy by 46.0% during the 4th quarter. UBS Group AG now owns 1,339,681 shares of the company’s stock worth $5,265,000 after buying an additional 421,894 shares during the period. Jefferies Financial Group Inc. grew its holdings in Kolibri Global Energy by 1,630.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 253,969 shares of the company’s stock worth $1,001,000 after acquiring an additional 239,296 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Kolibri Global Energy by 237.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 171,801 shares of the company’s stock worth $1,177,000 after acquiring an additional 120,953 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Kolibri Global Energy in the 1st quarter valued at approximately $986,000. Institutional investors and hedge funds 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.