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Karoon Energy Ltd ( (AU:KAR) ) has issued an update.
Karoon Energy Ltd has announced a change in the director’s interest, specifically for Dr. Julian Fowles. The change involves the conversion of 222,613 unlisted performance rights into ordinary fully paid shares, increasing the total number of shares held by Dr. Fowles to 1,894,002. This conversion reflects the vesting of long-term incentive performance rights, which were contingent upon meeting specific performance indicators. The announcement indicates a strategic move to align the director’s interests with the company’s performance goals, potentially impacting stakeholder confidence and the company’s market positioning.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.98 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 is a company involved in the energy sector, focusing on the exploration and production of oil and gas resources. The company operates primarily in the upstream segment of the oil and gas industry, aiming to develop and manage energy resources efficiently.
YTD Price Performance: 41.26%
Average Trading Volume: 4,683,829
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.39B
See more insights into KAR stock on TipRanks’ Stock Analysis page.