Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Down - Should You Sell?

Key Points

• Kunlun Energy's stock gapped down from $9.51 to $9.03 before trading, with a trading volume of only 525 shares.
• Zacks Research downgraded Kunlun Energy from a "hold" to a "strong sell" rating, contributing to a consensus sell rating for the stock.
• The company has announced an increase in its dividend from $0.16 to $0.185, with a yield of 367.0%, set to be paid on November 7th.

Kunlun Energy (OTCMKTS:KLYCY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.51, but opened at $9.03. Kunlun Energy shares last traded at $9.03, with a volume of 525 shares.

Wall Street Analyst Weigh In

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

Kunlun Energy Trading Down 5.1%

The company has a current ratio of 1.60, a quick ratio of 1.57 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $9.72 and a 200-day simple moving average of $9.84.

Kunlun Energy Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, September 4th will be paid a $0.185 dividend. This is a positive change from Kunlun Energy's previous dividend of $0.16. The ex-dividend date is Wednesday, September 3rd. This represents a yield of 367.0%.

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.

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