Kolibri Global Energy (NASDAQ:KGEI) Share Price Breaks Below 200-Day Moving Average – Here’s Why

Kolibri Global Energy Inc. (NASDAQ:KGEI) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $5.40 and traded as low as $5.23. Kolibri Global Energy shares last traded at $5.24, with a volume of 153,845 shares changing hands.

Analyst Upgrades and Downgrades

KGEI has been the topic of several analyst reports. Weiss Ratings raised Kolibri Global Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 28th. Wall Street Zen upgraded Kolibri Global Energy from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Kolibri Global Energy Trading Up 4.2%

The company’s fifty day simple moving average is $6.48 and its two-hundred day simple moving average is $5.41. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $195.21 million, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.63 and a beta of -0.64.

Kolibri Global Energy (NASDAQ:KGEI) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.23 earnings per share 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 for the quarter, compared to analysts’ expectations of $20.86 million. Research analysts forecast that Kolibri Global Energy Inc. will post 0.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Kolibri Global Energy by 0.7% during the first quarter. Bank of America Corp DE now owns 372,733 shares of the company’s stock worth $2,046,000 after purchasing an additional 2,661 shares during the period. Russell Investments Group Ltd. grew its position in shares of Kolibri Global Energy by 27.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 92,391 shares of the company’s stock valued at $571,000 after purchasing an additional 20,032 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Kolibri Global Energy during the 1st quarter worth approximately $439,000. M Holdings Securities Inc. increased its stake in Kolibri Global Energy by 27.3% during the 3rd quarter. M Holdings Securities Inc. now owns 75,000 shares of the company’s stock worth $488,000 after purchasing an additional 16,073 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Kolibri Global Energy during the 2nd quarter worth approximately $328,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Kolibri Global Energy Company Profile

Kolibri Global Energy Inc. is a Canadian-based energy company focused on the exploration, development and production of oil and natural gas. The company’s operations are concentrated in the United States, where it seeks to develop conventional and unconventional hydrocarbon resources. Kolibri’s primary asset is the Tishomingo Field in southern Oklahoma, which includes the company’s Sonora development. Its activities include drilling and completing wells, operating producing properties, and managing the infrastructure required to gather and market oil and natural gas.