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 increased production estimates post the company’s Q4 report. The increase in the 2025 production estimate is driven by strong drilling results at the Tishomingo field in Oklahoma, the analyst tells investors in a research note. Roth sees further gains ahead for Kolibri.