Roth Capital Comments on Kolibri Global Energy Inc.’s Q1 2024 Earnings (NASDAQ:KGEI)

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Roth Capital reduced their Q1 2024 earnings estimates for Kolibri Global Energy in a research note issued on Monday, May 6th. Roth Capital analyst J. White now expects that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.12. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.90 per share. Roth Capital also issued estimates for Kolibri Global Energy’s Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.19 EPS and FY2024 earnings at $0.64 EPS.

Kolibri Global Energy (NASDAQ:KGEI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $13.44 million for the quarter.

Kolibri Global Energy Stock Performance

NASDAQ KGEI opened at $3.27 on Tuesday. The business has a fifty day moving average price of $3.32 and a two-hundred day moving average price of $3.56. Kolibri Global Energy has a fifty-two week low of $2.84 and a fifty-two week high of $5.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KGEI. Stratos Wealth Partners LTD. acquired a new stake in Kolibri Global Energy in the fourth quarter valued at approximately $38,000. TFG Asset Management GP Ltd acquired a new position in Kolibri Global Energy in the 4th quarter valued at approximately $26,926,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Kolibri Global Energy during the fourth quarter valued at $316,000. Institutional investors own 27.26% of the company’s stock.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces 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.