Kunlun Energy (OTCMKTS:KLYCY) Stock Price Up 1.4% – Time to Buy?

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

Analysts Set New Price Targets

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

Kunlun Energy Stock Up 1.4%

The firm has a fifty day moving average price of $9.11 and a 200 day moving average price of $9.62.

Kunlun Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, September 4th were given a $0.185 dividend. The ex-dividend date of this dividend 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%.

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.