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Karoon Energy Ltd ( (AU:KAR) ) has issued an update.
Karoon Energy has cancelled 2,342,584 ordinary fully paid shares as part of an on-market buyback, effective 15 April 2026. The reduction in issued capital signals active capital management, which may enhance earnings per share and indicates the company’s efforts to optimise its balance sheet for existing investors.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$2.35 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 an Australia-based energy company listed on the ASX under the code KAR. The company is involved in the exploration and production of energy resources, focusing on developing and managing its portfolio of oil and gas assets for shareholders and market participants.
Average Trading Volume: 8,844,941
Technical Sentiment Signal: Buy
Current Market Cap: A$1.53B
See more data about KAR stock on TipRanks’ Stock Analysis page.