Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Up – Still a Buy?

Kunlun Energy (OTCMKTS:KLYCY) gapped up prior to trading on Thursday . The stock had previously closed at $10.89, but opened at $11.76. Kunlun Energy shares last traded at $11.76, with a volume of 193 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Kunlun Energy to a “hold” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kunlun Energy Stock Down 2.3%

The firm’s 50 day moving average is $10.26 and its 200-day moving average is $9.61. The company has a quick ratio of 1.85, a current ratio of 1.89 and a debt-to-equity ratio of 0.17.

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.