Kolibri Global Energy price target raised to $11 from $6.75 at Roth MKM

Roth MKM raised the firm’s price target on Kolibri Global Energy (KGEI) to $11 from $6.75 and keeps a Buy rating on the shares. The firm is boosting its 2025 production estimate to 4,781 BOE per day from 3,998 BOE per day driven by strong drilling results at the Tishomingo field im Oklahoma, the analyst tells investors in a research note.