KAROON ENERGY LIMITED (KAR)
Share Price Analysis and Chart

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KAR

KAR - KAROON ENERGY LIMITED

FNArena Sector : Crude Oil
Year End: December
GICS Industry Group : Energy
Debt/EBITDA: 1.04
Index: ASX200 | ASX300 | ALL-ORDS

Karoon Energy is an Australian oil and gas explorer with operations in Australia, Peru and Bazil. It has been listed since 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.64

27 Jan
2026

0.010

OPEN

$1.65

0.61%

HIGH

$1.74

7,593,915

LOW

$1.60

TARGET
$1.882

-0.03 change from previous day

 14.8% upside
OTHER COMPANIES IN THE SAME SECTOR
AEL . ALD . BHP . BPT . BRU . CRD . CVN . FAR . HE8 . HZN . MAY . VEA .
FNARENA'S MARKET CONSENSUS FORECASTS
KAR: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 20.4 xxx
DPS (cps) 6.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.3 xxx
Dividend Yield 3.8% xxx
Div Pay Ratio(%) 31.4% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 3.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.65

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/03 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx24.4
DPS All xxxxxxxxxxxxxxx9.5
Sales/Revenue xxxxxxxxxxxxxxx1,177.2 M
Book Value Per Share xxxxxxxxxxxxxxx206.3
Net Operating Cash Flow xxxxxxxxxxxxxxx658.9 M
Net Profit Margin xxxxxxxxxxxxxxx16.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx13.26 %
Return on Invested Capital xxxxxxxxxxxxxxx8.98 %
Return on Assets xxxxxxxxxxxxxxx6.48 %
Return on Equity xxxxxxxxxxxxxxx13.26 %
Return on Total Capital xxxxxxxxxxxxxxx20.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx448.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx84 M
Long Term Debt xxxxxxxxxxxxxxx742 M
Total Debt xxxxxxxxxxxxxxx826 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx551 M
Price To Book Value xxxxxxxxxxxxxxx0.67

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx334.9 M
Capex % of Sales xxxxxxxxxxxxxxx28.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx625 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx92 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

28/01/2026

3

Equal-weight

$1.81

10.37%

Karoon Energy's December quarter production was 2.4MMboe, down -8% quarter on quarter and year on year, but 2% above consensus. Revenue was down -5% quarter on quarter and -30% year on year, but 4% above consensus.

Morgan Stanley anticipated a muted reaction to Karoon's update and first time 2026 guidance, with near term priorities Bauna maintenance and Who Dat East development.

Equal-weight and $1.81 target retained. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 4.63 cents and EPS of 18.20 cents.
Morgan Stanley forecasts a full year FY26 dividend of 5.24 cents and EPS of 17.43 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

27/01/2026

2

Overweight

$1.75

6.71%

Karoon Energy’s 4Q2025 update supports the view of a difficult 1H26 followed by a stronger second half, with 2026 production and cost guidance broadly in line and capex coming in well below expectations, Jarden explains.

Production of 2.37mmboe was 2% above consensus, while revenue of US$156m beat forecasts on stronger Who Dat output, offsetting weaker Brazilian volumes ahead of planned FPSO maintenance.

The first half of 2026 will be dominated by Baúna downtime and well repairs, though the return of SPS-92 and PRA-2, alongside Who Dat sidetracks, underpins a recovery into 2H26.

Lower 2026 capex guidance of US$110m–US$135m was offered. Overweight is retained and the target price lifts to $1.75 from $1.65.

FORECAST
Jarden forecasts a full year FY25 dividend of 4.63 cents and EPS of 17.43 cents.
Jarden forecasts a full year FY26 dividend of 4.63 cents and EPS of 17.58 cents.
Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

1
Australian Broker Call *Extra* Edition – Jan 28, 2026

Jan 28 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 21-11-25

Nov 24 2025 - Weekly Reports
3
Woodside Targets Significant Dividend Increase

Nov 12 2025 - Commodities
4
Australian Broker Call *Extra* Edition – Oct 29, 2025

Oct 29 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 24-10-25

Oct 27 2025 - Weekly Reports

Latest Crude Oil News

1
Oil Markets: Bracing For A Surplus

Sep 11 2025 - Commodities
2
Crude Oil: Nothing Good Happens Below US$65

Jun 05 2025 - International
3
Upping the East Coast Amplitude

Mar 28 2025 - Commodities
4
Break-Out For Beach Energy

Dec 17 2024 - Technicals
5
Beach Energy Looks Ready

May 14 2024 - Technicals
6
Oil Price Surge Not Expected

Apr 15 2024 - Commodities
7
A Multi-Month Up-Trend For Beach Energy

Apr 02 2024 - Technicals
8
Crude Oil: On Watch

Mar 27 2024 - Technicals
9
Oil Market Not Concerned, And Not Concerning

Oct 25 2023 - Commodities
10
Karoon Energy Shares Ready To Run

Oct 17 2023 - Technicals