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Karoon Energy Ltd ( (AU:KAR) ) has shared an announcement.
Karoon Energy has cancelled 4,204,412 ordinary fully paid shares following completion of an on-market share buy-back, as disclosed in an Appendix 3H notification to the ASX dated 9 January 2026. The reduction in issued capital is expected to marginally enhance ownership concentration for remaining shareholders and reflects the company’s ongoing use of capital management initiatives to return value and potentially improve key per-share financial metrics.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.65 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 oil and gas exploration and production company listed on the ASX under the code KAR. The company focuses on upstream energy assets, with operations and growth strategy centred on offshore petroleum projects that contribute to regional energy supply.
Average Trading Volume: 4,043,422
Technical Sentiment Signal: Sell
Current Market Cap: A$1.1B
Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.