Kolibri Global Energy (NASDAQ:KGEI) Trading Down 1.1% – Here’s What Happened

Kolibri Global Energy Inc. (NASDAQ:KGEI) traded down 1.1% during mid-day trading on Thursday . The stock traded as low as $4.26 and last traded at $4.35. 40,117 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 76,494 shares. The stock had previously closed at $4.40.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded Kolibri Global Energy from a “sell” rating to a “hold” rating in a report on Sunday, August 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kolibri Global Energy in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Kolibri Global Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kolibri Global Energy presently has an average rating of “Hold” and a consensus target price of $11.00.

Kolibri Global Energy Stock Down 1.1%

The firm has a 50 day moving average price of $5.29 and a two-hundred day moving average price of $6.08. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $153.86 million, a price-to-earnings ratio of 8.06, a P/E/G ratio of 0.59 and a beta of 0.04.

Kolibri Global Energy (NASDAQ:KGEI) last announced its earnings results on Monday, August 11th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $11.11 million during the quarter, compared to the consensus estimate of $20.45 million. Kolibri Global Energy had a return on equity of 9.54% and a net margin of 33.40%. As a group, sell-side analysts expect that Kolibri Global Energy Inc. will post 0.48 earnings per share for the current year.

Institutional Trading of Kolibri Global Energy

Several large investors have recently modified their holdings of KGEI. Geode Capital Management LLC grew its stake in shares of Kolibri Global Energy by 1,738.2% during the second quarter. Geode Capital Management LLC now owns 456,214 shares of the company’s stock valued at $3,125,000 after acquiring an additional 431,395 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Kolibri Global Energy during the first quarter valued at about $2,125,000. JPMorgan Chase & Co. lifted its position in shares of Kolibri Global Energy by 237.9% during the second 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. Jane Street Group LLC bought a new position in shares of Kolibri Global Energy during the first quarter worth about $986,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Kolibri Global Energy during the first quarter worth about $919,000. 27.26% of the stock is currently owned by institutional investors and hedge funds.

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.