Roth Capital Boosts KGEI Earnings Forecast

On February 17, 2025, Roth Capital, a prominent equity research firm, published an optimistic update regarding Kolibri Global Energy Inc. (NASDAQ: KGEI). In their recent note to investors, Roth analysts adjusted their earnings per share (EPS) estimates for the company's first quarter of 2025. Analyst J. White now anticipates that Kolibri will achieve earnings of $0.20 per share this quarter, a considerable increase from the previous estimate of $0.13.

For the full year, the consensus estimate for Kolibri Global Energy's earnings stands at $0.49 per share. In a separate report, Roth MKM raised its price target on the stock from $6.75 to $11.00 and reiterated a 'buy' rating, further signaling confidence in the company's financial prospects.

KGEI Stock Performance

As of Wednesday, KGEI shares opened at $8.48. Over the past period, the stock's 50-day simple moving average was recorded at $6.77, while its 200-day moving average was $4.60. Currently, the company has a debt-to-equity ratio of 0.17. With both quick and current ratios at 0.67, this indicates a stable liquidity position. Kolibri Global Energy boasts a market capitalization of $300.87 million and employs a price-to-earnings (P/E) ratio of 17.67 with a P/E/G ratio of 1.16. The stock has fluctuated significantly within the past year, with a low of $2.85 and a high of $9.89.

Institutional Investor Activities

Recent data reveals that hedge funds have actively altered their holdings in Kolibri Global Energy. National Bank of Canada FI acquired a new stake in the company's shares during the third quarter, valuing approximately $140,000. Millennium Management LLC increased its position by 47.0% in the fourth quarter, now owning 62,992 shares worth about $335,000 after adding 20,135 shares. Other notable investors include 683 Capital Management LLC, which has made a new investment worth about $364,000, and Truffle Hound Capital LLC, which invested approximately $2,660,000 in the same period.

TFG Asset Management GP Ltd also raised its stake significantly by 37.7% in the fourth quarter, now holding a total of 9,739,635 shares valued at $51,815,000 after acquiring an additional 2,669,067 shares. Collectively, institutional investors now control about 27.26% of Kolibri Global Energy's stock.

About Kolibri Global Energy

Kolibri Global Energy Inc. is engaged in exploring and utilizing oil, gas, and sustainable energy resources across the United States. The company specializes in marketing and sales of crude oil, natural gas, and natural gas liquids. Originally named BNK Petroleum Inc., the firm underwent a rebranding to Kolibri Global Energy Inc. in November 2020.

Conclusion

The positive outlook provided by Roth Capital and the increasing interest from institutional investors indicate a growing confidence in Kolibri Global Energy's future performance. With rising earnings expectations and favorable stock evaluations, KGEI is positioned for potential growth in the upcoming quarters.

Roth, KGEI, Earnings