Australia's Karoon Energy rises; Morningstar lifts fair value estimate on higher energy prices

OPENLANE

25/03/2026 23:54

Updates

** Karoon Energy KAR.AX rises as much as much as 2.9% to A$1.965

** Morningstar raises PT by 14% to A$2.85; upgrades fair value estimate on higher near-term energy prices due to Middle East war

** Raises FY26 earnings per share forecast by 155% to $0.28/share and FY27 EPS forecast by 79% to $0.34

** Stock rated "buy" on avg; median PT is A$2.00, per data compiled by LSEG

** YTD, KAR up 27%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))