Kunlun Energy (OTCMKTS:KLYCY) Raised to Hold at Zacks Research

Kunlun Energy (OTCMKTS:KLYCY) was upgraded by research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Kunlun Energy Stock Performance

OTCMKTS KLYCY opened at $10.25 on Thursday. Kunlun Energy has a 52 week low of $8.39 and a 52 week high of $11.69. The company has a 50 day moving average price of $9.60 and a 200 day moving average price of $9.44. The company has a current ratio of 1.89, a quick ratio of 1.85 and a debt-to-equity ratio of 0.17.

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.