Shares of Kunlun Energy (OTCMKTS:KLYCY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $8.90, but opened at $7.91. Kunlun Energy shares last traded at $7.91, with a volume of 291 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Get Our Latest Stock Report on Kunlun Energy
Kunlun Energy Trading Down 11.1%
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.
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