Jarden analyst Nic Burns downgraded Karoon Energy Ltd (KRNGF – Research Report) to a Hold on January 19 and set a price target of A$2.30. The company’s shares closed last Thursday at $1.45.
Burns covers the Utilities sector, focusing on stocks such as Beach Energy Limited, Cooper Energy Limited, and Santos Limited. According to TipRanks, Burns has an average return of 6.7% and a 60.87% success rate on recommended stocks.
Currently, the analyst consensus on Karoon Energy Ltd is a Moderate Buy with an average price target of $1.94.
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The company has a one-year high of $1.77 and a one-year low of $0.96. Currently, Karoon Energy Ltd has an average volume of 2,816.
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Karoon Energy Ltd. is an oil and gas exploration company. Its projects include Browse, Santos, Tumbes, Carnarvon Basin and Ceduna Sub-Basin. The company was founded by Robert Michael Hosking on November 11, 2003 and is headquartered in Melbourne, Australia.