KUNLUN ENERGY C/ADR (OTCMKTS:KLYCY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of KUNLUN ENERGY C/ADR (OTCMKTS:KLYCY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

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. “

KLYCY opened at $8.95 on Tuesday. The firm has a 50 day moving average price of $8.82 and a 200 day moving average price of $8.87. The company has a market cap of $7.23 billion, a PE ratio of 11.33 and a beta of 1.02. KUNLUN ENERGY C/ADR has a 1 year low of $7.92 and a 1 year high of $11.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.75.

About KUNLUN ENERGY C/ADR

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: Exploration and Production, Natural Gas Sales, Liquefied Natural Gas (LNG) Processing and Terminal, and Natural Gas Pipeline.

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