FY2024 Earnings Forecast for KGEI Issued By Roth Capital

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Investment analysts at Roth Capital cut their FY2024 EPS estimates for shares of Kolibri Global Energy in a research report issued on Monday, February 17th. Roth Capital analyst J. White now anticipates that the company will earn $0.48 per share for the year, down from their prior estimate of $0.49. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.48 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 lifted their price target on 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 Trading Down 1.9 %

Shares of KGEI stock opened at $8.32 on Thursday. The stock has a market capitalization of $295.18 million, a price-to-earnings ratio of 17.33, a PEG ratio of 0.88 and a beta of 0.02. The company’s fifty day simple moving average is $6.82 and its two-hundred day simple moving average is $4.64. Kolibri Global Energy has a 1 year low of $2.85 and a 1 year high of $9.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.67.

Institutional Investors Weigh In On Kolibri Global Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. TFG Asset Management GP Ltd increased its holdings in Kolibri Global Energy by 37.7% during the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company’s stock worth $51,815,000 after acquiring an additional 2,669,067 shares during the period. Millennium Management LLC grew its position 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. 683 Capital Management LLC bought a new position in shares of Kolibri Global Energy in the fourth quarter worth $364,000. Truffle Hound Capital LLC purchased a new stake in shares of Kolibri Global Energy in the fourth quarter worth $2,660,000. Finally, National Bank of Canada FI bought a new stake in Kolibri Global Energy during the third quarter valued at $140,000. 27.26% of the stock is owned by hedge funds and other 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.