Kolibri Global Energy (NASDAQ:KGEI) Trading 2.5% Higher – Time to Buy?

Shares of Kolibri Global Energy Inc. (NASDAQ:KGEI) shot up 2.5% on Monday . The stock traded as high as $4.08 and last traded at $4.04. 293,432 shares changed hands during trading, an increase of 149% from the average session volume of 118,029 shares. The stock had previously closed at $3.94.

Wall Street Analyst Weigh In

KGEI has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Kolibri Global Energy in a research note on Wednesday, January 28th. Wall Street Zen raised Kolibri Global Energy from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Zacks Research raised Kolibri Global Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kolibri Global Energy Trading Up 2.5%

The firm’s fifty day moving average price is $3.82 and its 200-day moving average price is $4.52. The company has a market cap of $142.98 million, a price-to-earnings ratio of 8.08, a P/E/G ratio of 1.09 and a beta of 0.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.70 and a quick ratio of 0.70.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG raised its holdings in shares of Kolibri Global Energy by 46.0% during the fourth quarter. UBS Group AG now owns 1,339,681 shares of the company’s stock valued at $5,265,000 after buying an additional 421,894 shares during the last quarter. Bank of America Corp DE increased its position in Kolibri Global Energy by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 555,979 shares of the company’s stock valued at $3,808,000 after acquiring an additional 37,207 shares during the period. Geode Capital Management LLC increased its position in Kolibri Global Energy by 1,738.2% in the 2nd quarter. Geode Capital Management LLC now owns 456,214 shares of the company’s stock valued at $3,125,000 after acquiring an additional 431,395 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Kolibri Global Energy by 13.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 289,400 shares of the company’s stock valued at $1,993,000 after acquiring an additional 34,800 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its stake in Kolibri Global Energy by 1,630.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 253,969 shares of the company’s stock valued at $1,001,000 after acquiring an additional 239,296 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

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. Kolibri Global Energy Inc was incorporated in 2008 and is headquartered in Thousand Oaks, California.