Zacks Investment Research downgrades Kunlun Energy (OTCMKTS:KLYCY) to sell


Kunlun Energy (OTCMKTS: KLYCY – Get Review) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report released Saturday to clients and investors, Zacks.com reports.

According to Zacks, “Kunlun Energy Company Limited is an investment holding company. It is engaged in the exploration and production of crude oil and natural gas through its subsidiaries. The Company’s operating segment includes exploration and production and distribution of natural gas. The Exploration and Production segment is engaged in the exploration, development, production and sale of crude oil and natural gas. The Natural Gas Distribution segment is engaged in the sale of natural gas and the transmission of natural gas mainly in China. KunLun Energy Co. Ltd. is headquartered in Hong Kong. “

KLYCY opened at $8.45 on Friday. The company’s fifty-day moving average price is $8.73 and its two-hundred-day moving average price is $9.24. Kunlun Energy has a 1-year minimum of $7.20 and a 1-year maximum of $14.50.

Kunlun Energy Company Profile (Get a rating)

Kunlun Energy Company Limited, an investment holding company, is engaged 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); Processing and terminal of liquefied natural gas (LNG); and exploration and production.

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