Kolibri Global Energy (NASDAQ:KGEI) Stock Price Expected to Rise, Roth Mkm Analyst Says

Kolibri Global Energy (NASDAQ:KGEI) had its price target upped by investment analysts at Roth Mkm from $6.75 to $11.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target points to a potential upside of 15.18% from the stock’s current price.

Kolibri Global Energy Stock Performance

Shares of NASDAQ KGEI traded up $1.00 during mid-day trading on Tuesday, hitting $9.55. 337,393 shares of the company were exchanged, compared to its average volume of 120,755. The stock has a 50 day simple moving average of $6.51 and a 200-day simple moving average of $4.50. Kolibri Global Energy has a 1-year low of $2.85 and a 1-year 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 cap of $338.64 million, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 0.97 and a beta of 0.02.

Institutional Trading of Kolibri Global Energy

Several hedge funds and other institutional investors have recently made changes to their positions in KGEI. National Bank of Canada FI purchased a new position in Kolibri Global Energy during the third quarter worth about $140,000. Millennium Management LLC increased its position in Kolibri Global Energy by 47.0% during the 4th quarter. Millennium Management LLC now owns 62,992 shares of the company’s stock worth $335,000 after purchasing an additional 20,135 shares during the period. TFG Asset Management GP Ltd increased its position in Kolibri Global Energy by 37.7% during the 4th quarter. TFG Asset Management GP Ltd now owns 9,739,635 shares of the company’s stock worth $51,815,000 after purchasing an additional 2,669,067 shares during the period. 683 Capital Management LLC purchased a new position in shares of Kolibri Global Energy during the 4th quarter worth approximately $364,000. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Kolibri Global Energy in the 4th quarter valued at approximately $2,660,000. Hedge funds and other 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.