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: 0.96
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

$1.41

23 Jun
2026

0.015

OPEN

$1.42

1.08%

HIGH

$1.43

8,034,606

LOW

$1.39

TARGET
$1.826 29.5% upside
Franking for last dividend paid out: 100%
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 FY26
Forecast		 FY27
Forecast
EPS (cps) 22.9 xxx
DPS (cps) 5.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 6.0 xxx
Dividend Yield 4.1% xxx
Div Pay Ratio(%) 24.4% 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: 4.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.81

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-div 5c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic -28.41.1-15.860.824.426.3
DPS All 0.00.00.00.09.55.5
Sales/Revenue 0.0 M229.1 M530.9 M1,244.1 M1,177.2 M974.9 M
Book Value Per Share 93.790.671.3167.2206.3214.4
Net Operating Cash Flow -100.0 M39.9 M204.7 M457.2 M658.9 M389.9 M
Net Profit Margin -2.57 %-16.74 %29.67 %16.42 %19.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed -24.02 %1.14 %-19.57 %42.40 %13.26 %12.46 %
Return on Invested Capital -23.98 %0.85 %-10.70 %26.53 %8.98 %8.90 %
Return on Assets -22.03 %0.61 %-5.84 %16.31 %6.48 %6.72 %
Return on Equity -24.02 %1.14 %-19.57 %42.40 %13.26 %12.46 %
Return on Total Capital -25.77 %3.61 %25.11 %43.88 %20.63 %10.29 %
Free Cash Flow ex dividends -102.0 M-182.7 M55.4 M-634.9 M448.0 M-75.1 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 202020212022202320242025
Short-Term Debt 0 M60 M64 M72 M84 M1 M
Long Term Debt 2 M356 M396 M645 M742 M507 M
Total Debt 2 M417 M460 M716 M826 M508 M
Goodwill - Gross ------
Cash & Equivalents - Generic 432 M177 M229 M250 M551 M309 M
Price To Book Value 0.641.452.421.210.670.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex 4.3 M231.5 M149.3 M1,097.1 M334.9 M447.4 M
Capex % of Sales -101.09 %28.12 %88.18 %28.45 %45.90 %
Cost of Goods Sold 1 M156 M273 M517 M625 M632 M
Selling, General & Admin. Exp & Other 136 M47 M34 M87 M92 M114 M
Research & Development ------
Investments - Total 0 M0 M0 M0 M0 M0 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

0.4

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

17/06/2026

3

Upgrade to Hold from Trim

$1.67

18.44%

Morgans observes Karoon Energy is in a difficult position amid multiple operating issues while enjoying a "bump" in earnings as a result of the Middle East war.

The Who Dat operations have continued to be problematic, with the operator now warning the failed riser is a more protracted problem than previously thought and limited production is not expected to be restored until at least the second half of FY27.

The 2026 budget is now under review with the company considering how to optimise expenditure. The stock is down -20% over two sessions, the broker points out, and now trading close to the revised target price.

As a result the rating is raised back to Hold from Trim and the target lowered to $1.67 from $1.90.

FORECAST
Morgans forecasts a full year FY26 dividend of 8.99 cents and EPS of 22.11 cents.
Morgans forecasts a full year FY27 dividend of 7.37 cents and EPS of 19.17 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

30/04/2026

1

Buy

$2.55

80.85%

Jarden maintains a Buy rating for Karoon Energy and keeps its target price at $2.55 following a March quarter update marked by operational disruptions.

The report notes group production missed estimates by -5% because of a riser leak at the Who Dat asset and timing delays for oil liftings in Brazil.

Management increased 2026 capital expenditure guidance to -$150-183m to fund additional sidetrack drilling intended to mitigate the Who Dat output loss.

The broker reduced FY26 earnings estimates to US35.0c from US35.4c, reflecting these production setbacks and higher costs associated with the Brazil maintenance program.

Free cash flow is expected to improve materially in the second half of 2026 as production is restored and capital spending declines, aided by a higher oil price environment.

FORECAST
Jarden forecasts a full year FY26 dividend of 18.87 cents and EPS of 51.60 cents.
Jarden forecasts a full year FY27 dividend of 18.87 cents and EPS of 51.30 cents.
Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

1
Karoon Shares Suffer Another Who Dat Set Back

Jun 22 2026 - Commodities
2
Weekly Ratings, Targets, Forecast Changes – 19-06-26

Jun 22 2026 - Weekly Reports
3
Next Week At A Glance – 22-26 Jun 2026

Jun 19 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Apr 30, 2026

Apr 30 2026 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 02-04-26

Apr 07 2026 - Weekly Reports

Latest Crude Oil News

1
Karoon Shares Suffer Another Who Dat Set Back

Jun 22 2026 - Commodities
2
Challenging Year Ahead For Karoon Energy

Jan 29 2026 - Commodities
3
Oil Markets: Bracing For A Surplus

Sep 11 2025 - Commodities
4
Crude Oil: Nothing Good Happens Below US$65

Jun 05 2025 - International
5
Upping the East Coast Amplitude

Mar 28 2025 - Commodities
6
Break-Out For Beach Energy

Dec 17 2024 - Technicals
7
Beach Energy Looks Ready

May 14 2024 - Technicals
8
Oil Price Surge Not Expected

Apr 15 2024 - Commodities
9
A Multi-Month Up-Trend For Beach Energy

Apr 02 2024 - Technicals
10
Crude Oil: On Watch

Mar 27 2024 - Technicals