Kunlun Energy (OTCMKTS:KLYCY) Reaches New 52-Week Low - What's Next?

Key Points

• Kunlun Energy shares reached a new 52-week low at $8.74, with a trading volume of 210 shares, down from the previous close of $9.35.
• Zacks Research has downgraded the company from a "hold" to a "strong sell" rating, contributing to a general average rating of "Sell" for the stock.
• The company announced an increase in its dividend from $0.16 to $0.185 per share, resulting in a dividend yield of 367.0% set to be paid on November 7th.

Shares of Kunlun Energy (OTCMKTS:KLYCY - Get Free Report) hit a new 52-week low during trading on Saturday . The company traded as low as $8.74 and last traded at $8.74, with a volume of 210 shares. The stock had previously closed at $9.35.

Analysts Set New Price Targets

Separately, Zacks Research lowered Kunlun Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

Kunlun Energy Stock Performance

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 stock's fifty day simple moving average is $9.59 and its two-hundred day simple moving average is $9.80.

Kunlun Energy Increases Dividend

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

Kunlun Energy Company Profile

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.

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