Kolibri Global Energy (NASDAQ:KGEI) Downgraded by Wall Street Zen to Sell

Kolibri Global Energy (NASDAQ:KGEI) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Kolibri Global Energy Stock Up 0.7%

Shares of NASDAQ KGEI opened at $5.69 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.70 and a debt-to-equity ratio of 0.15. Kolibri Global Energy has a 12 month low of $2.85 and a 12 month high of $9.89. The firm has a market capitalization of $201.54 million, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.74 and a beta of 0.05. The firm has a fifty day simple moving average of $6.39 and a two-hundred day simple moving average of $7.01.

Kolibri Global Energy (NASDAQ:KGEI) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $11.11 million during the quarter, compared to analyst estimates of $20.45 million. Kolibri Global Energy had a net margin of 33.40% and a return on equity of 9.54%. Equities analysts expect that Kolibri Global Energy will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KGEI. Ameritas Investment Partners Inc. bought a new position in shares of Kolibri Global Energy in the 2nd quarter worth about $25,000. Raymond James Financial Inc. bought a new position in shares of Kolibri Global Energy in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC bought a new position in shares of Kolibri Global Energy in the 2nd quarter worth about $28,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Kolibri Global Energy in the 2nd quarter worth about $52,000. Finally, Jump Financial LLC bought a new position in shares of Kolibri Global Energy in the 2nd quarter worth about $96,000. 27.26% of the stock is currently owned by institutional investors.

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.