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Karoon Energy Ltd ( (AU:KAR) ) has issued an update.
Karoon Energy Ltd has cancelled 953,934 ordinary fully paid shares as part of an on-market buy-back conducted on 13 January 2026, as disclosed in its latest issued capital notification. The reduction in shares on issue reflects an active capital management strategy that may enhance earnings per share and could signal management’s confidence in the company’s financial position, with implications for shareholder value and the liquidity of KAR securities on the ASX.
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 is an Australia-listed energy company operating in the oil and gas sector, with its ordinary fully paid shares traded on the ASX under the code KAR. The company is part of the broader energy industry and its shares form the basis of its capital structure on the Australian market.
Average Trading Volume: 4,030,663
Technical Sentiment Signal: Buy
Current Market Cap: A$1.21B
See more insights into KAR stock on TipRanks’ Stock Analysis page.