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

Kunlun Energy (OTCMKTS:KLYCY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $8.75, but opened at $9.24. Kunlun Energy shares last traded at $9.24, with a volume of 228 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Kunlun Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Kunlun Energy Trading Down 1.8%

The company has a 50 day simple moving average of $8.67 and a two-hundred day simple moving average of $9.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.70 and a current ratio of 1.73.

About Kunlun Energy

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.