Kunlun Energy (OTCMKTS:KLYCY) Shares Gap Down – Here’s Why

Shares of Kunlun Energy (OTCMKTS:KLYCY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.80, but opened at $9.2050. Kunlun Energy shares last traded at $9.2050, with a volume of 110 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Kunlun Energy from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Kunlun Energy Price Performance

The firm’s fifty day moving average is $9.11 and its two-hundred day moving average is $9.63.

Kunlun Energy Increases Dividend

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

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.