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An announcement from Karoon Energy Ltd ( (AU:KAR) ) is now available.
Karoon Energy Ltd announced the cessation of 1,028,551 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s operational strategy and stakeholder expectations, as it reflects on the company’s ability to meet performance targets.
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
Karoon Energy Ltd operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is listed on the Australian Securities Exchange (ASX) and is involved in the production and sale of hydrocarbons.
Average Trading Volume: 4,617,365
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.42B
Learn more about KAR stock on TipRanks’ Stock Analysis page.