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

ReutersMar 25, 2026 11:54 PM

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%

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