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An announcement from Karoon Energy Ltd ( (AU:KAR) ) is now available.
Karoon Energy Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest update, the company has repurchased a total of 19,484,030 ordinary fully paid securities, with an additional 51,638 securities bought back on the previous 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$1.98 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
YTD Price Performance: 38.29%
Average Trading Volume: 4,590,503
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.36B
For a thorough assessment of KAR stock, go to TipRanks’ Stock Analysis page.