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

Kunlun Energy (OTCMKTS:KLYCY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $10.24, but opened at $10.8950. Kunlun Energy shares last traded at $10.8950, with a volume of 164 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Kunlun Energy to a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Kunlun Energy Stock Up 6.4%

The company has a current ratio of 1.89, a quick ratio of 1.85 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $9.73 and a 200-day moving average of $9.46.

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.