Roth Capital Has Negative Estimate for KGEI FY2024 Earnings

Kolibri Global Energy Inc. (NASDAQ:KGEI - Free Report) - Equities researchers at Roth Capital lowered their FY2024 earnings per share estimates for Kolibri Global Energy in a research report issued on Monday, February 17th. Roth Capital analyst J. White now forecasts 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 upped their price objective 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 Stock Performance

Kolibri Global Energy stock traded down $0.16 during mid-day trading on Thursday, reaching $8.32. 121,832 shares of the stock traded hands, compared to its average volume of 132,510. The stock has a market capitalization of $295.18 million, a PE ratio of 17.33, a price-to-earnings-growth ratio of 0.88 and a beta of 0.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.67 and a quick ratio of 0.67. Kolibri Global Energy has a 12-month low of $2.85 and a 12-month high of $9.89. The business's 50-day moving average is $6.77 and its 200-day moving average is $4.60.

Institutional Trading of Kolibri Global Energy

A number of hedge funds have recently bought and sold shares of the company. Millennium Management LLC increased its position in Kolibri Global Energy by 47.0% in the fourth quarter. Millennium Management LLC now owns 62,992 shares of the company's stock worth $335,000 after buying an additional 20,135 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Kolibri Global Energy during the third quarter worth about $140,000. 683 Capital Management LLC purchased a new stake in shares of Kolibri Global Energy during the fourth quarter worth about $364,000. Truffle Hound Capital LLC purchased a new stake in shares of Kolibri Global Energy during the fourth quarter worth about $2,660,000. Finally, TFG Asset Management GP Ltd grew its position in shares of 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 purchasing an additional 2,669,067 shares in the last quarter. Hedge funds and other institutional investors own 27.26% of the company's stock.

About Kolibri Global Energy

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.