Karoon Energy Ltd Updates on Share Buy-Back Program

Karoon Energy Ltd ( (AU:KAR) ) just unveiled an announcement.

Karoon Energy Ltd has announced an update on its ongoing share buy-back program, revealing that a total of 336,573 ordinary fully paid securities were bought back on the previous day, adding to a cumulative total of 10,713,897 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach to managing its financial resources.

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 focused on the exploration and production of oil and gas. The company is listed on the Australian Securities Exchange (ASX) and engages in activities that span across various regions, contributing to the energy supply market.

YTD Price Performance: 23.79%

Average Trading Volume: 5,133,152

Technical Sentiment Signal: Buy

Current Market Cap: A$1.24B

Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.