KAROON ENERGY LTD (KAR)
Share Price Analysis and Chart

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KAR - KAROON ENERGY LTD

FNArena Sector : Crude Oil
Year End: June
GICS Industry Group : Energy
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.14

03 Mar
2021

-0.010

OPEN

$1.13

-0.87%

HIGH

$1.14

2,037,593

LOW

$1.13

TARGET
$1.567 37.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
BPT . HZN . TAP . FAR . BRU . ALD . DLS . SXY . BHP . VEA . COE . SAE . BYE .
MARKET CONSENSUS FORECAST
KAR: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 28.7 1.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 61.1 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A 0.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

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
EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

26/02/2021

1

Outperform

$1.40

22.81%

Karoon Energy's FY21 first-half result met Macquarie and the company managed to attract a quality price premium.

Production and cash metrics were solid and the broker expects this to continue in FY21. But the Bauna intervention and Patola drilling delay is expected to prove a negative hit in FY22 before driving stronger production rates to the end of FY22 and across FY23.

EPS forecasts rise 13.83c for FY21 thanks to lower production costs and a tax windfall. EPS forecasts fall -49% in FY22 to reflect the delay of Bauna intervention and the Patola drilling campaign.

Target price rises to $1.40 from $1.35. Outperform rating retained.

FORECAST
Macquarie forecasts a full year FY21 dividend of 0.00 cents and EPS of 4.10 cents.
Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of 5.60 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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KAR STOCK CHART