Kunlun Energy (OTCMKTS:KLYCY) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Kunlun Energy (OTCMKTS:KLYCY) from a hold rating to a strong sell rating in a research note released on Monday,Zacks.com reports.

Kunlun Energy Stock Performance

KLYCY opened at $9.61 on Monday. The stock’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $9.73. Kunlun Energy has a 1 year low of $8.39 and a 1 year high of $11.76.

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.