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Karoon Energy Ltd ( (AU:KAR) ) has provided an announcement.
Karoon Energy Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares. As of the latest reporting date, the company has repurchased a cumulative total of 10,272,795 shares prior to the previous day and a further 285,417 shares on the previous day, indicating continued execution of its capital management strategy and potentially signaling confidence in its valuation to investors.
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-listed energy company operating in the oil and gas sector, with its ordinary fully paid shares trading on the ASX under the code KAR.
YTD Price Performance: -0.32%
Average Trading Volume: 3,983,011
Technical Sentiment Signal: Sell
Current Market Cap: A$1.11B
For a thorough assessment of KAR stock, go to TipRanks’ Stock Analysis page.