Roth Capital Brokers Decrease Earnings Estimates for KGEI

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Stock analysts at Roth Capital dropped their FY2024 earnings per share estimates for Kolibri Global Energy in a research report issued to clients and investors on Monday, February 17th. Roth Capital analyst J. White now expects that the company will post earnings per share of $0.48 for the year, down from their prior forecast of $0.49. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.49 per share. Roth Capital also issued estimates for Kolibri Global Energy’s Q4 2024 earnings at $0.14 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.23 EPS and FY2025 earnings at $0.83 EPS.

Separately, Roth Mkm upped their target price on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the company a “buy” rating in a research report on Tuesday.

Kolibri Global Energy Stock Down 8.1 %

Shares of NASDAQ KGEI opened at $8.48 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $300.87 million, a PE ratio of 17.67, a price-to-earnings-growth ratio of 1.16 and a beta of 0.02. The firm’s 50-day moving average is $6.77 and its 200-day moving average is $4.60. Kolibri Global Energy has a 1 year low of $2.85 and a 1 year high of $9.89.

Institutional Investors Weigh In On Kolibri Global Energy

Several hedge funds have recently bought and sold shares of KGEI. Millennium Management LLC lifted its holdings in shares of Kolibri Global Energy by 47.0% during the 4th quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock valued at $335,000 after purchasing an additional 20,135 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Kolibri Global Energy during the third quarter worth about $140,000. 683 Capital Management LLC acquired a new stake in shares of Kolibri Global Energy in the fourth quarter valued at approximately $364,000. Truffle Hound Capital LLC acquired a new stake in Kolibri Global Energy in the 4th quarter valued at $2,660,000. Finally, TFG Asset Management GP Ltd increased its position in shares of Kolibri Global Energy by 37.7% in the fourth quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company’s stock valued at $51,815,000 after acquiring an additional 2,669,067 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

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.