Kunlun Energy (OTCMKTS:KLYCY) Lowered to Strong Sell Rating by Zacks Research

Kunlun Energy (OTCMKTS:KLYCY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Kunlun Energy Stock Up 1.2%

OTCMKTS KLYCY opened at $9.01 on Monday. Kunlun Energy has a 1-year low of $7.77 and a 1-year high of $11.76. The stock’s 50 day moving average is $8.80 and its two-hundred day moving average is $9.68. The company has a quick ratio of 1.70, a current ratio of 1.73 and a debt-to-equity ratio of 0.15.

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.