Zacks Research upgraded shares of Kunlun Energy (OTCMKTS:KLYCY – Free Report) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
Kunlun Energy Stock Performance
Shares of KLYCY stock opened at $9.25 on Tuesday. The business has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $9.66. Kunlun Energy has a twelve month low of $8.39 and a twelve month high of $11.69.
Kunlun Energy Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Wednesday, September 3rd. This is a positive change from Kunlun Energy’s previous dividend of $0.16. This represents a dividend yield of 367.0%.
About Kunlun Energy
Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through four segments: Natural Gas Sales; Sales of Liquefied Petroleum Gas (LPG); Liquefied Natural Gas (LNG) Processing and Terminal; and Exploration and Production.
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