Roth Capital Has Negative Outlook for TSE:KEI Q3 Earnings

Kolibri Global Energy Inc. (TSE:KEI) – Equities research analysts at Roth Capital cut their Q3 2024 earnings per share (EPS) estimates for Kolibri Global Energy in a report released on Thursday, October 17th. Roth Capital analyst J. White now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their prior forecast of $0.18. Roth Capital also issued estimates for Kolibri Global Energy’s Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.54 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.18 EPS.

Kolibri Global Energy Stock Performance

Shares of KEI stock opened at C$4.70 on Friday. Kolibri Global Energy has a 52 week low of C$3.82 and a 52 week high of C$6.48. The company has a market capitalization of C$167.98 million, a price-to-earnings ratio of 8.55 and a beta of 2.32. The company has a 50-day simple moving average of C$4.35 and a 200 day simple moving average of C$4.49.

Kolibri Global Energy (TSE:KEI) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$0.15 EPS for the quarter, hitting analysts’ consensus estimates of C$0.15. The firm had revenue of C$19.04 million during the quarter, compared to analysts’ expectations of C$19.79 million. Kolibri Global Energy had a net margin of 26.70% and a return on equity of 8.51%.

Kolibri Global Energy Company Profile

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.