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

See the KAR asset/geography replacement row.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.79

02 Sep
2026

0.007

OPEN

$1.83

0.39%

HIGH

$1.88

9,542,121

LOW

$1.76

TARGET
$1.886 5.4% 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) 20.1 xxx
DPS (cps) 5.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.6 xxx
Dividend Yield 3.2% xxx
Div Pay Ratio(%) 27.2% 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: 3.07%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.41

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: 02/09 - ex-div 1.20c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx26.3
DPS All xxxxxxxxxxxxxxx5.5
Sales/Revenue xxxxxxxxxxxxxxx974.9 M
Book Value Per Share xxxxxxxxxxxxxxx214.4
Net Operating Cash Flow xxxxxxxxxxxxxxx389.9 M
Net Profit Margin xxxxxxxxxxxxxxx19.97 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx12.46 %
Return on Invested Capital xxxxxxxxxxxxxxx8.90 %
Return on Assets xxxxxxxxxxxxxxx6.72 %
Return on Equity xxxxxxxxxxxxxxx12.46 %
Return on Total Capital xxxxxxxxxxxxxxx10.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx507 M
Total Debt xxxxxxxxxxxxxxx508 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx309 M
Price To Book Value xxxxxxxxxxxxxxx0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx447.4 M
Capex % of Sales xxxxxxxxxxxxxxx45.90 %
Cost of Goods Sold xxxxxxxxxxxxxxx632 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx114 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

0.4

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

28/08/2026

1

Buy

$2.00

11.73%

Citi notes Karoon Energy enters 2H26 from a position of strength, with stronger production expected to offset a softer 1H as the company assumed operatorship of the Bauana FPSO.

Water injection has restarted and is expected to support production from early 2027, while the Neon development is progressing towards FEED entry in 4Q26 ahead of an expected reopening of the data room, the analyst explains.

Operational reliability remains strong and Karoon screens cheaply at around 3x EV/EBITDA, with the broker estimating the valuation discounts an oil price of around US$30/bbl.

Citi maintains Buy and raises the target price to $2.00 from $1.80.

FORECAST
Citi forecasts a full year FY26 dividend of 4.07 cents.
Citi forecasts a full year FY27 dividend of 5.08 cents.

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.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

01/09/2026

1

Buy

$2.00

11.73%

Jarden maintains a Buy rating for Karoon Energy with a $2.00 target price following a 1H26 result where EBITDA aligned with expectations, though underlying NPAT missed forecasts due to a higher tax rate.

The analyst notes that following a challenging first half, free cash flow is positioned to materially increase in 2H26, driven by lower costs and increased production in Brazil.

Management is beginning to outline a growth agenda, and the broker identifies Brazilian exploration potential as a key source of upside.

The broker anticipates further details later in the year regarding highly value-accretive near-field exploration, alongside higher risk and reward opportunities within the company's deepwater exploration blocks.
Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

1
Australian Broker Call *Extra* Edition – Sep 01, 2026

Sep 01 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 28-08-2026

Aug 28 2026 - Australia
3
Weekly Ratings, Targets, Forecast Changes – 31-07-26

Aug 03 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Jul 27, 2026

Jul 27 2026 - Daily Market Reports
5
Rudi’s View: Small Cap Favourites, AI & More

Jul 16 2026 - Rudi's View

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