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Karoon Energy Ltd ( (AU:KAR) ) has issued an update.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program. The company reported the buy-back of 484,611 ordinary fully paid securities on the previous day, adding to a total of 2,129,184 securities bought back before that day. This buy-back initiative is part of Karoon Energy’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.80 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 operates in the energy sector, focusing on the exploration and production of oil and gas resources. The company is involved in the development and management of energy assets, aiming to enhance its market presence and optimize resource extraction.
YTD Price Performance: 16.05%
Average Trading Volume: 4,102,309
Technical Sentiment Signal: Sell
Current Market Cap: A$1.13B
For an in-depth examination of KAR stock, go to TipRanks’ Overview page.