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 $9.3920, but opened at $10.1240. Kunlun Energy shares last traded at $10.1240, with a volume of 363 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Kunlun Energy Stock Up 7.4%

The firm’s fifty day simple moving average is $9.51 and its 200 day simple moving average is $9.36.

Kunlun Energy Company Profile

Kunlun Energy Company Limited is a China-focused natural gas company and a subsidiary of China National Petroleum Corporation (CNPC). Through its operating businesses, the company supplies natural gas to residential, commercial and industrial customers and supports the development of natural gas infrastructure.

Its activities include natural gas sales and distribution, pipeline transmission, liquefied natural gas processing and related storage and transportation services. Kunlun Energy also participates in compressed natural gas and other gas-related projects, serving customers across multiple regions of mainland China.

The company has historical ties to CNPC’s natural gas distribution operations and is incorporated in Hong Kong, with its principal business activities conducted in China.