Karoon Energy Ltd (AU:KAR) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Karoon Energy Ltd reported a 25% increase in quarterly production, despite a 32% drop in sales revenue due to lower volumes and reduced oil prices. The company declared its first dividend and completed a $25 million share buyback, reflecting confidence in its valuation and future prospects. Karoon continues to focus on asset reliability and growth opportunities, with further buybacks planned and strategic evaluations underway.
For further insights into AU:KAR stock, check out TipRanks’ Stock Analysis page.
