Kolibri Global Energy (NASDAQ:KGEI) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Kolibri Global Energy (NASDAQ:KGEI - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02, Zacks reports. The business had revenue of $17.37 million for the quarter, compared to the consensus estimate of $25.76 million. Kolibri Global Energy had a net margin of 31.60% and a return on equity of 9.18%.

Kolibri Global Energy Stock Up 2.1 %

KGEI traded up $0.17 during midday trading on Friday, hitting $8.33. 128,502 shares of the company's stock traded hands, compared to its average volume of 52,597. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $295.69 million, a PE ratio of 17.35, a price-to-earnings-growth ratio of 0.81 and a beta of 0.10. The stock's fifty day simple moving average is $7.80 and its 200-day simple moving average is $5.45. Kolibri Global Energy has a one year low of $2.85 and a one year high of $9.89.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm upped their target price on Kolibri Global Energy from $6.75 to $11.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th.

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.