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Karoon Energy Ltd ( (AU:KAR) ) has issued an announcement.
Karoon Energy Ltd has announced an update on its ongoing share buy-back program, with a total of 3,873,709 securities bought back before the previous day and an additional 250,121 securities bought back 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, reflecting a proactive approach to financial management.
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 engaged in activities that span across various stages of the energy supply chain, with a market focus on delivering energy solutions.
YTD Price Performance: 21.70%
Average Trading Volume: 4,107,877
Technical Sentiment Signal: Sell
Current Market Cap: A$1.18B
Find detailed analytics on KAR stock on TipRanks’ Stock Analysis page.