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

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

Kolibri Global Energy Stock Performance

Shares of KGEI stock traded down $0.05 on Tuesday, reaching $7.24. The stock had a trading volume of 81,751 shares, compared to its average volume of 50,750. 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 price-to-earnings ratio of 15.08, a P/E/G ratio of 0.81 and a beta of 0.10. The firm’s 50-day moving average is $7.70 and its two-hundred day moving average is $5.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

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

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.