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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, which aims to repurchase its ordinary fully paid securities. As of the latest update, the company has bought back a total of 19,271,854 securities, including 208,160 on the previous day. This buy-back initiative is part of Karoon Energy’s strategy to optimize its capital structure and enhance shareholder value.
The most recent analyst rating on (AU:KAR) stock is a Hold with a A$1.98 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 primarily on the exploration and production of oil and gas resources. The company is engaged in activities that support the development and commercialization of hydrocarbon reserves, aiming to strengthen its position in the global energy market.
Average Trading Volume: 4,679,070
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.39B
See more insights into KAR stock on TipRanks’ Stock Analysis page.