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The latest announcement is out from Karoon Energy Ltd ( (AU:KAR) ).
Karoon Energy Ltd has announced a daily update on its ongoing on-market buy-back program, with a total of 17,125,347 securities bought back before the previous day and an additional 296,880 securities acquired on the previous day. This buy-back initiative is part of the company’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$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, primarily focusing on the exploration and production of oil and gas. The company is listed on the Australian Securities Exchange (ASX) under the code KAR and engages in activities related to the development of energy resources.
YTD Price Performance: 40.52%
Average Trading Volume: 4,926,224
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.39B
See more data about KAR stock on TipRanks’ Stock Analysis page.