Zacks Investment Research downgraded shares of Kunlun Energy Comp (NASDAQ:KLYCY) from a hold rating to a sell rating in a report issued on Tuesday morning.
According to Zacks, “Kunlun Energy Company Limited is an investment holding company. It engages in the business of exploration and production of crude oil and natural gas through its subsidiaries. The company’s operating segment consists of Exploration and Production, and Natural Gas Distribution. Exploration and Production segment engages in the exploration, development, production and sale of crude oil and natural gas. Natural Gas Distribution segment engages in the sale of natural gas and the transmission of natural gas primarily in China. KunLun Energy Co. Ltd. is headquartered in Hong Kong. “
Kunlun Energy Comp (NASDAQ:KLYCY) opened at 9.3525 on Tuesday. The firm’s 50 day moving average is $9.51 and its 200 day moving average is $9.09. The stock has a market capitalization of $7.55 billion and a P/E ratio of 85.0227. Kunlun Energy Comp has a 1-year low of $7.02 and a 1-year high of $10.28.
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