In a report released today, Adrian Prendergast from Morgans maintained a Buy rating on Karoon Energy Ltd (KRNGF – Research Report), with a price target of A$2.80. The company’s shares closed yesterday at $1.32.
According to TipRanks, Prendergast is a 5-star analyst with an average return of 15.5% and a 56.49% success rate. Prendergast covers the Energy sector, focusing on stocks such as Cooper Energy Limited, Santos Limited, and Karoon Energy Ltd.
In addition to Morgans, Karoon Energy Ltd also received a Buy from Morgan Stanley’s Robert Koh in a report issued yesterday. However, on April 19, RBC Capital maintained a Hold rating on Karoon Energy Ltd (Other OTC: KRNGF).
KRNGF market cap is currently $1.09B and has a P/E ratio of 3.36.
Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KRNGF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Karoon Energy Ltd (KRNGF) Company Description:
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.
