Roth Capital Weighs in on Kolibri Global Energy Inc.’s Q1 2024 Earnings (NASDAQ:KGEI)

Kolibri Global Energy Inc. (NASDAQ:KGEI) – Equities researchers at Roth Capital lowered their Q1 2024 EPS estimates for Kolibri Global Energy in a research note issued to investors on Monday, May 6th. Roth Capital analyst J. White now forecasts that the company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.12. The consensus estimate for Kolibri Global Energy’s current full-year earnings is $0.90 per share. Roth Capital also issued estimates for Kolibri Global Energy’s Q2 2024 earnings at $0.17 EPS, Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.19 EPS and FY2024 earnings at $0.64 EPS.

Kolibri Global Energy Price Performance

NASDAQ KGEI opened at $3.35 on Tuesday. The business’s fifty day simple moving average is $3.31. Kolibri Global Energy has a fifty-two week low of $2.84 and a fifty-two week high of $5.02.

Kolibri Global Energy (NASDAQ:KGEI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $13.44 million for the quarter.

Hedge Funds Weigh In On Kolibri Global Energy

A number of institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new position in Kolibri Global Energy during the fourth quarter worth about $38,000. Russell Investments Group Ltd. acquired a new position in Kolibri Global Energy during the 4th quarter worth approximately $316,000. Finally, TFG Asset Management GP Ltd bought a new position in Kolibri Global Energy in the 4th quarter valued at approximately $26,926,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

About Kolibri Global Energy

Kolibri Global Energy Inc engages in the exploration, development, production, and marketing of oil, gas clean and sustainable energy in the United States. It produces 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.