Kunlun Energy (OTCMKTS:KLYCY – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $8.93, but opened at $9.47. Kunlun Energy shares last traded at $9.47, with a volume of 186 shares traded.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded Kunlun Energy from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Kunlun Energy
Kunlun Energy Trading Up 3.5%
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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