KAROON ENERGY LIMITED (KAR)
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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

$1.86

04 Aug
2025

0.000

OPEN

$1.86

0.000

HIGH

$1.86

0

LOW

$1.86

TARGET
$2.132 14.6% 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) 4.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 9.1 xxx
Dividend Yield 2.6% xxx
Div Pay Ratio(%) 23.7% 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: 5.28%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.11

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

0.6

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

25/07/2025

3

Equal-weight

$1.80

-3.23%

Morgan Stanley expects a muted market reaction to Karoon Energy's June quarter update, despite revealing strong production and solid operational progress.

Net revenue interest (NRI) production of 2.9MMboe was a rise of 25% quarter-on-quarter, and up 37% year-on-year, beating Morgan Stanley and consensus estimates by 2% and 3%, respectively.

NRI represents the share of production a company is entitled to after accounting for royalty payments and other similar deductions.

Revenue of US$159.7m rose 7% quarter-on-quarter but missed the broker's forecast by -10% due to timing of Bauna shipments and weaker realised prices. Capex was -US$102.9m, below forecast, with -US$93.5m attributed to the Bauna FPSO acquisition.

The company also announced a CEO transition as more leadership moves to Houston.

Target $1.80. Equal-weight. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 5.88 cents and EPS of 19.49 cents.
Morgan Stanley forecasts a full year FY26 dividend of 4.95 cents and EPS of 16.70 cents.

Morgans

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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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

28/07/2025

2

Overweight

$2.15

15.59%

Jarden reckons Karoon Energy is following a strategy of underpromising and overdelivering by leaving FY25 guidance unchanged despite strong performance in Brazil.

June quarter group production of 2.94mmboe was 1% ahead of the broker's forecast and 2% higher than the consensus. Revenue missed expectations but it was a timing issue,

The broker forecasts FY25 production of 8.2mmbbl vs guidance of 6.7-7.7mmbbl, and notes the company is progressing quickly to develop its discoveries, with Who Dat East expected to reach FID in late 2025/early 2026.

Target price lifted to $2.15 from $2.10 on bullish outlook on growth projects. Overweight retained.

FORECAST
Jarden forecasts a full year FY25 dividend of 7.89 cents and EPS of 30.47 cents.
Jarden forecasts a full year FY26 dividend of 6.80 cents and EPS of 26.91 cents.
Access Extra Coverage Research History >

KAR STOCK CHART

FNArena News on KAR

1
Australian Broker Call *Extra* Edition – Jul 29, 2025

Jul 29 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 25-07-25

Jul 28 2025 - Weekly Reports
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Jul 17 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jul 17, 2025

Jul 17 2025 - Daily Market Reports

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