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Karoon Energy Ltd ( (AU:KAR) ) has shared an update.
Karoon Energy Ltd has announced that Citigroup Global Markets Australia Pty Limited and its related entities have ceased to be substantial holders in the company as of May 27, 2025. This change in substantial holding is due to a decrease in relevant interests held by Citibank, N.A. Sydney Branch, Citigroup Global Markets Australia Pty Limited, and Citigroup Global Markets Limited, primarily through securities lending agreements. The impact of this announcement may affect the company’s shareholder composition and could influence market perceptions of Karoon Energy’s stock.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Karoon Energy Ltd stock, see the AU:KAR Stock Forecast page.
More about Karoon Energy Ltd
Average Trading Volume: 5,212,153
Technical Sentiment Signal: Buy
Current Market Cap: A$1.21B
Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.