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

Kunlun Energy (OTCMKTS:KLYCY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $8.36, but opened at $9.14. Kunlun Energy shares last traded at $9.14, with a volume of 335 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kunlun Energy has an average rating of “Hold”.

Kunlun Energy Stock Performance

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 firm’s fifty day moving average is $8.84 and its two-hundred day moving average is $9.70.

About Kunlun Energy

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.