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Karoon Energy Ltd ( (AU:KAR) ) just unveiled an announcement.
Karoon Energy Ltd has announced an update on its ongoing share buy-back program, with a total of 20,203,546 securities bought back before the previous day and an additional 127,168 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 Buy with a A$2.40 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 resources. It is listed on the Australian Securities Exchange (ASX) under the code KAR.
Average Trading Volume: 4,578,013
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.36B
For a thorough assessment of KAR stock, go to TipRanks’ Stock Analysis page.