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Karoon Energy Ltd ( (AU:KAR) ) has shared an announcement.
Karoon Energy Ltd has announced an on-market buy-back of its ordinary fully paid shares, as per the recent notification. This strategic move is likely aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a positive outlook on its financial health and market positioning.
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 a company operating in the energy sector, focusing on the exploration and production of oil and gas resources. The company is listed on the Australian Securities Exchange (ASX) and is involved in activities related to the development and management of energy assets.
Average Trading Volume: 4,015,832
Technical Sentiment Signal: Sell
Current Market Cap: A$1.16B
Learn more about KAR stock on TipRanks’ Stock Analysis page.