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 morning,Zacks.com reports.

Kunlun Energy Stock Performance

Shares of KLYCY opened at $8.93 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.73 and a quick ratio of 1.70. The firm has a 50 day moving average of $8.78 and a 200 day moving average of $9.67. Kunlun Energy has a twelve month low of $7.77 and a twelve month high of $11.76.

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.