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Karoon Energy Ltd ( (AU:KAR) ) has issued an announcement.
Karoon Energy has continued its on-market share buy-back program, as disclosed in an updated Appendix 3C notification to the Australian Securities Exchange dated 11 May 2026. The company reported that a total of 20,628,343 shares had been bought back before the previous day, with a further 51,624 shares repurchased on the preceding trading day.
The latest filing is classified as an update to prior buy-back notifications first lodged in September 2025 and most recently updated on 8 May 2026. This ongoing on-market buy-back underscores Karoon Energy’s active capital management strategy, which may support earnings per share and signal management’s confidence in the company’s valuation to existing and prospective shareholders.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.55 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 company trading under the ASX code KAR, with ordinary fully paid shares on issue. The company operates in the energy sector and its shares are actively traded on the Australian Securities Exchange, making it a candidate for capital management initiatives such as on-market buy-backs.
YTD Price Performance: 29.54%
Average Trading Volume: 8,963,910
Technical Sentiment Signal: Buy
Current Market Cap: A$1.39B
Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.