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

Kolibri Global Energy (NASDAQ:KGEI) announced its quarterly earnings results on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02, Zacks reports. The business had revenue of $17.37 million for the quarter, compared to the consensus estimate of $25.76 million. Kolibri Global Energy had a return on equity of 9.18% and a net margin of 31.60%.

Kolibri Global Energy Trading Up 8.7 %

Kolibri Global Energy stock opened at $7.87 on Thursday. Kolibri Global Energy has a 52-week low of $2.85 and a 52-week high of $9.89. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $279.36 million, a price-to-earnings ratio of 16.40, a PEG ratio of 0.81 and a beta of 0.10. The firm has a 50-day moving average price of $7.74 and a two-hundred day moving average price of $5.38.

Analyst Ratings Changes

Separately, Roth Mkm raised their target price on Kolibri Global Energy from $6.75 to $11.00 and gave the company 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.