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Karoon Energy Ltd ( (AU:KAR) ) has provided an announcement.
Karoon Energy’s Board has announced its intention to increase its on-market share buybacks by an additional US$75 million in 2025, reflecting their belief that the company’s shares are undervalued. This move is part of their broader 2025 Capital Returns Plan, which includes semi-annual distributions and completion of existing buybacks, aiming to enhance shareholder value while maintaining a strong balance sheet.
More about Karoon Energy Ltd
Karoon Energy Ltd is an energy company engaged in the exploration, development, and production of oil and gas resources. The company focuses on enhancing shareholder value through a balanced strategy of capital returns and reinvestment in growth opportunities.
YTD Price Performance: 0.23%
Average Trading Volume: 3,163
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $651.8M
For an in-depth examination of KAR stock, go to TipRanks’ Stock Analysis page.
