Kunlun Energy (OTCMKTS:KLYCY – Get Free Report)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $8.90, but opened at $7.91. Kunlun Energy shares last traded at $7.91, with a volume of 291 shares.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Check Out Our Latest Analysis on KLYCY
Kunlun Energy Stock Performance
Kunlun Energy Company Profile
Kunlun Energy Company Limited is a China-based energy company engaged primarily in the exploration, production, distribution and sales of natural gas and crude oil. As a publicly traded entity on the Hong Kong Stock Exchange and the OTC Markets under the ticker KLYCY, the company focuses on developing upstream reserves in key basins across northwest China, including the Tarim, Junggar and Turpan–Hami basins. Kunlun Energy’s upstream activities are supported by a combination of proprietary drilling technologies and strategic partnerships that enable it to target both conventional and unconventional hydrocarbon resources.
In its midstream operations, Kunlun Energy has established an extensive pipeline network that links its production areas to major consumption centers.
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