Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) had its price objective upped by analysts at Roth Mkm from $6.75 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Mkm's price target indicates a potential upside of 32.21% from the company's previous close.
Kolibri Global Energy Stock Performance
Shares of NASDAQ:KGEI traded down $0.16 during midday trading on Tuesday, hitting $8.32. The stock had a trading volume of 121,832 shares, compared to its average volume of 143,411. Kolibri Global Energy has a 1 year low of $2.85 and a 1 year high of $9.89. 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 stock has a 50 day moving average price of $6.82 and a two-hundred day moving average price of $4.64. The company has a market capitalization of $295.19 million, a PE ratio of 17.33, a P/E/G ratio of 0.81 and a beta of 0.02.
Hedge Funds Weigh In On Kolibri Global Energy
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI purchased a new stake in shares of Kolibri Global Energy in the third quarter valued at approximately $140,000. Millennium Management LLC grew its stake 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 worth $335,000 after purchasing an additional 20,135 shares during the period. 683 Capital Management LLC purchased a new position in shares of Kolibri Global Energy in the 4th quarter valued at about $364,000. Truffle Hound Capital LLC acquired a new stake in shares of Kolibri Global Energy in the fourth quarter valued at about $2,660,000. Finally, TFG Asset Management GP Ltd boosted its holdings in Kolibri Global Energy by 37.7% during the fourth quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company's stock worth $51,815,000 after buying an additional 2,669,067 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
About Kolibri Global Energy
(
Get Free Report)
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.
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