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

$1.72

27 Oct
2026

0.030

OPEN

$1.68

1.78%

HIGH

$1.75

5,493,308

LOW

$1.66

TARGET
$1.884 9.5% 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) 25.8 xxx
DPS (cps) 6.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 6.5 xxx
Dividend Yield 3.8% xxx
Div Pay Ratio(%) 25.0% 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: 3.08%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.65

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: 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

0.6

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

23/10/2026

1

Overweight

$1.84

(26/10/2026)

6.98%

Morgan Stanley anticipates a positive reaction to the third quarter update from Karoon Energy. The company delivered average production from Bauna of 19,900bopd, up 118% quarter on quarter and down -9% on the prior comparable period.

At Neon, an MOU has been signed with TechnipFMC for EPCI, and FEED is targeted for the fourth quarter with farm-out discussions to restart.

At Who Dat, production was up 76% quarter on quarter and down -25% on the prior comparable period. Drilling is expected to start on the G1 sidetrack in the current quarter. Production is targeted for the end of 2027.

Overweight. Target is $1.85. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 27.30 cents.
Morgan Stanley forecasts a full year FY27 EPS of 41.67 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$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

28/10/2026

2

Overweight

$2.05

19.19%

Jarden maintains its Overweight rating for Karoon Energy with its target price reduced to $2.05 from $2.10 following September quarter production outperforming forecasts.

Production reached 2.27 mmboe due to a strong contribution from the Who Dat AI sidetrack well, offsetting softer oil price realisations in Brazil.

Revenue of US$192m exceeded Jarden's estimates by 28% supported by four Brazil cargoes.

The analyst highlights the G1 sidetrack timeline has been pushed back alongside adjustments to cargo timing and price realisations.

The rating is underpinned by strong leverage to oil prices despite revised valuation inputs.
Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

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

11:00 AM - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 23-10-26

Oct 26 2026 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 16-10-26

Oct 19 2026 - Weekly Reports
4
Rudi’s View: Stocks To Own & Best To Avoid

Oct 15 2026 - Rudi's View
5
Weekly Ratings, Targets, Forecast Changes – 02-10-26

Oct 05 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