Citi bets on Australia's Karoon Energy to beat quarterly production expectations

ReutersJul 22, 2025 10:29 PM

Citi forecasts Karoon Energy's KAR.AX second-quarter production to be about 5% above Visible Alpha consensus

Citi says production beat to be bolstered by volume uplift at the oil and gas explorer's Bauna and Who Dat projects

Sees company's quarterly revenue to be about 20% ahead of Visible Alpha's projection

Brokerage revises forecast for underlying net profit after tax - as follows - CY25: $144.4 mln (from $140.8 mln), CY26: $162 mln (from $157.9 mln)

Co is expected report its production results on July 24

11 analysts rate the stock 'buy' on average, median PT is A$2.11 - data compiled by LSEG

YTD, stock up 39.2% as of last close

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