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Karoon Energy Ltd ( (AU:KAR) ) has shared an announcement.
Karoon Energy Ltd is set to begin the second phase of its US$75 million on-market share buyback program in October, following the completion of the first phase where 20.8 million shares were bought back and canceled. This initiative, which received overwhelming shareholder approval, is part of Karoon’s capital allocation strategy aimed at enhancing shareholder value by repurchasing undervalued shares, while maintaining compliance with credit agreements and market conditions.
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
Average Trading Volume: 4,015,832
Technical Sentiment Signal: Sell
Current Market Cap: A$1.16B
For a thorough assessment of KAR stock, go to TipRanks’ Stock Analysis page.