Kunlun Energy (OTCMKTS:KLYCY) Stock Price Up 1.4% – What’s Next?

Kunlun Energy (OTCMKTS:KLYCY)’s share price was up 1.4% during mid-day trading on Friday . The stock traded as high as $9.28 and last traded at $9.28. Approximately 237 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 698 shares. The stock had previously closed at $9.1475.

Analysts Set New Price Targets

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

Kunlun Energy Stock Performance

The stock has a fifty day simple moving average of $9.11 and a 200-day simple moving average of $9.62.

Kunlun Energy Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 7th. Investors of record on Thursday, September 4th were issued a dividend of $0.185 per share. The ex-dividend date was Wednesday, September 3rd. This is a boost from Kunlun Energy’s previous dividend of $0.16. This represents a dividend yield of 367.0%.

About Kunlun Energy

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.