Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Up – Time to Buy?

Shares of Kunlun Energy (OTCMKTS:KLYCY) gapped up before the market opened on Monday . The stock had previously closed at $9.1475, but opened at $9.80. Kunlun Energy shares last traded at $9.80, with a volume of 1,036 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Kunlun Energy Trading Down 6.1%

The firm’s 50-day moving average price is $9.12 and its 200 day moving average price is $9.63.

Kunlun Energy Increases Dividend

The business also recently declared a dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, September 4th were paid a $0.185 dividend. This is an increase from Kunlun Energy’s previous dividend of $0.16. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a yield of 367.0%.

Kunlun Energy Company Profile

Kunlun Energy Company Limited, an investment holding company, engages in the exploration, development, production, and sale of crude oil and natural gas. It operates through four segments: Natural Gas Sales; Sales of Liquefied Petroleum Gas (LPG); Liquefied Natural Gas (LNG) Processing and Terminal; and Exploration and Production.