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Karoon Energy Ltd ( (AU:KAR) ) has shared an announcement.
Karoon Energy has provided a daily update on its on-market share buy-back program, confirming that a total of 7,954,815 ordinary fully paid shares had been repurchased prior to the latest reporting date, with a further 828,899 shares bought back on the previous trading day. The ongoing buy-back reduces the company’s shares on issue and signals continued capital management activity, which can support earnings per share and may be viewed by investors as a sign of management’s confidence in the company’s valuation.
The most recent analyst rating on (AU:KAR) stock is a Buy with a A$2.10 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 an Australia-listed energy company operating in the oil and gas sector, with its ordinary fully paid shares trading on the ASX under the code KAR. The company focuses on exploration and production activities and is followed closely by investors for capital management moves that affect its share structure.
YTD Price Performance: 12.66%
Average Trading Volume: 4,100,119
Technical Sentiment Signal: Sell
Current Market Cap: A$1.09B
See more data about KAR stock on TipRanks’ Stock Analysis page.