Kolibri Global Energy (NASDAQ:KGEI) Issues Earnings Results

Kolibri Global Energy (NASDAQ:KGEI) announced its quarterly earnings results on Tuesday. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02, Zacks reports. Kolibri Global Energy had a return on equity of 9.18% and a net margin of 31.60%.

Kolibri Global Energy Stock Performance

KGEI opened at $7.24 on Wednesday. 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 $257.00 million, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 0.81 and a beta of 0.10. The stock’s 50 day moving average price is $7.72 and its two-hundred day moving average price is $5.36. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

Wall Street Analyst Weigh In

Separately, Roth Mkm raised their target price on shares of Kolibri Global Energy from $6.75 to $11.00 and gave the company a “buy” rating in a research note 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.