Kolibri Global Energy (NASDAQ:KGEI) Given New $11.00 Price Target at Roth Mkm

Kolibri Global Energy (NASDAQ:KGEI) had its price objective lifted by Roth Mkm from $6.75 to $11.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Roth Mkm’s target price indicates a potential upside of 15.18% from the company’s current price.

Kolibri Global Energy Stock Performance

Shares of KGEI stock traded up $1.00 during mid-day trading on Tuesday, hitting $9.55. 337,393 shares of the stock were exchanged, compared to its average volume of 120,755. The stock’s fifty day simple moving average is $6.51 and its two-hundred day simple moving average is $4.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.67 and a current ratio of 0.67. Kolibri Global Energy has a 12-month low of $2.85 and a 12-month high of $9.89. The stock has a market capitalization of $338.64 million, a price-to-earnings ratio of 19.90, a P/E/G ratio of 0.97 and a beta of 0.02.

Institutional Investors Weigh In On Kolibri Global Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 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 acquiring an additional 2,669,067 shares during the last quarter. Millennium Management LLC boosted its stake in 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 Kolibri Global Energy during the 4th quarter worth $364,000. Truffle Hound Capital LLC acquired a new position in Kolibri Global Energy in the fourth quarter valued at $2,660,000. Finally, National Bank of Canada FI purchased a new stake in shares of Kolibri Global Energy in the third quarter valued at about $140,000. 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.