Connor Clark & Lunn Investment Management Ltd. Buys 34,800 Shares of Kolibri Global Energy Inc. $KGEI

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 289,400 shares of the company’s stock after buying an additional 34,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.81% of Kolibri Global Energy worth $1,993,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Jane Street Group LLC bought a new position in Kolibri Global Energy during the 1st quarter valued at $986,000. Goldman Sachs Group Inc. purchased a new stake in shares of Kolibri Global Energy in the first quarter valued at about $919,000. Informed Momentum Co LLC bought a new position in shares of Kolibri Global Energy during the first quarter valued at about $802,000. OMERS ADMINISTRATION Corp purchased a new position in Kolibri Global Energy during the first quarter worth about $364,000. Finally, Los Angeles Capital Management LLC bought a new stake in Kolibri Global Energy in the 2nd quarter worth about $218,000. Institutional investors own 27.26% of the company’s stock.

Kolibri Global Energy Stock Performance

NASDAQ:KGEI opened at $4.01 on Monday. The company has a market capitalization of $141.79 million, a P/E ratio of 8.02, a P/E/G ratio of 0.54 and a beta of 0.03. The business has a fifty day simple moving average of $4.99 and a two-hundred day simple moving average of $5.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70. Kolibri Global Energy Inc. has a 1 year low of $3.34 and a 1 year high of $9.89.

Kolibri Global Energy (NASDAQ:KGEI) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Kolibri Global Energy had a return on equity of 9.37% and a net margin of 29.74%.The firm had revenue of $15.19 million for the quarter, compared to the consensus estimate of $21.89 million. On average, analysts expect that Kolibri Global Energy Inc. will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KGEI shares. Wall Street Zen cut shares of Kolibri Global Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research downgraded Kolibri Global Energy from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kolibri Global Energy in a research report on Friday, October 31st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.