Kunlun Energy (OTCMKTS:KLYCY) Downgraded by Zacks Research to Strong Sell

Key Points

• Kunlun Energy has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, indicating a negative outlook for the company's stock.
• The company's shares opened at $9.17, with a 12-month low of $8.85 and a high of $11.69, reflecting recent fluctuations in price.
• Kunlun Energy operates in the exploration, development, production, and sale of crude oil and natural gas across multiple segments, including natural gas sales and LNG processing.

Zacks Research downgraded shares of Kunlun Energy (OTCMKTS:KLYCY - Free Report) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday, August 27th,Zacks.com reports.

Kunlun Energy Trading Up 0.1%

OTCMKTS:KLYCY traded up $0.01 on Wednesday, reaching $9.51. The company's stock had a trading volume of 595 shares, compared to its average volume of 124. The company has a quick ratio of 1.57, a current ratio of 1.60 and a debt-to-equity ratio of 0.17. The business's 50-day moving average price is $9.71 and its two-hundred day moving average price is $9.84. Kunlun Energy has a 1-year low of $8.85 and a 1-year high of $11.69.

Kunlun Energy Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.185 per share. This is an increase from Kunlun Energy's previous dividend of $0.16. This represents a dividend yield of 367.0%. The ex-dividend date of this dividend is Wednesday, September 3rd.

About Kunlun Energy

Kunlun Energy Company Limited, an investment holding company, engages 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); Liquefied Natural Gas (LNG) Processing and Terminal; and Exploration and Production.