Roth Capital Issues Pessimistic Outlook for TSE:KEI Earnings

Kolibri Global Energy Inc. (TSE:KEI) – Equities researchers at Roth Capital dropped their Q3 2024 earnings per share estimates for shares of Kolibri Global Energy in a research report issued to clients and investors on Thursday, October 17th. Roth Capital analyst J. White now anticipates that the company will post earnings per share of $0.12 for the quarter, down from their previous estimate of $0.18. Roth Capital also issued estimates for Kolibri Global Energy’s Q4 2024 earnings at $0.15 EPS, FY2024 earnings at $0.54 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.18 EPS.

Kolibri Global Energy Price Performance

KEI opened at C$4.66 on Friday. The firm has a 50 day simple moving average of C$4.34 and a 200 day simple moving average of C$4.48. Kolibri Global Energy has a fifty-two week low of C$3.82 and a fifty-two week high of C$6.48. The company has a market cap of C$166.55 million, a price-to-earnings ratio of 8.47 and a beta of 2.32.

Kolibri Global Energy (TSE:KEI) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.15 earnings per share for the quarter, hitting the consensus estimate of C$0.15. Kolibri Global Energy had a return on equity of 8.51% and a net margin of 26.70%. The firm had revenue of C$19.04 million during the quarter, compared to analysts’ expectations of C$19.79 million.

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.