Kunlun Energy (OTCMKTS:KLYCY – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.
Kunlun Energy Stock Performance
KLYCY opened at $9.76 on Monday. Kunlun Energy has a one year low of $8.39 and a one year high of $11.76. The company has a current ratio of 1.73, a quick ratio of 1.70 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $10.08 and its 200-day simple moving average is $9.89.
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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