Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Up – Still a Buy?

Shares of Kunlun Energy (OTCMKTS:KLYCYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $9.4255, but opened at $9.87. Kunlun Energy shares last traded at $9.87, with a volume of 1,205 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Kunlun Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

View Our Latest Report on KLYCY

Kunlun Energy Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.70 and a current ratio of 1.73. The business has a 50 day moving average price of $9.13 and a 200-day moving average price of $9.52.

About Kunlun Energy

(Get Free Report)

Kunlun Energy Co Ltd. is a China-based natural gas company and a subsidiary of China National Petroleum Corporation (CNPC). Through its operating businesses, the company focuses on the processing, transportation, distribution and sale of natural gas to residential, commercial and industrial customers.

Its activities include city-gas distribution, pipeline construction and operation, natural gas processing and storage, and the production and sale of liquefied natural gas (LNG) and compressed natural gas (CNG).

Further Reading

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