Macquarie sets AUD 1.75 target as Karoon Energy stock gets Hold

Published on 10/25/2026 at 01:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie set an AUD 1.75 target and Hold rating on October 22, 2026. Karoon Energy stock saw output rise 110 percent to 2.27 million barrels.

Production and analyst view

Macquarie assigned a Hold rating and an AUD 1.75 target on October 22, 2026.
Third-quarter production reached 2.27 million barrels of oil equivalent, up 110 percent.
G1 sidetrack drilling is planned for the fourth quarter of 2026, while Who Dat East targets production in the second half of 2028.

Karoon, AU000000KAR6, Illustration mit AI erstellt.

Karoon Energy (ISIN AU000000KAR6) received a Hold rating from Macquarie with an AUD 1.75 price target on October 22, 2026, according to Markets Insider. The analyst call arrived as Karoon published third-quarter results showing a sharp production rebound.

Output rebound meets a fault

Karoon reported 2.27 million barrels of oil equivalent for the third quarter of 2026, up 110 percent from the second quarter. Sales revenue rose 64 percent to USD 191.6 million, while Bauna operating efficiency reached 96 percent, according to the company's Karoon Energy report dated October 22, 2026.

What does the fault mean for output?

The rebound carries an operational constraint. An electrical fault at the SPS-92 well reduced production to 55 percent of its pre-fault level, leaving total Bauna production at 16,400 barrels per day while Karoon investigates repair and insurance options, the company said in its report.

Three milestones from 2026

Karoon completed the Bauna FPSO operator transition on May 29, 2026, according to its investor page. On August 12, 2026, the Who Dat East joint venture sanctioned a development with estimated net capital spending of USD 155 million to USD 165 million. The October 22, 2026, quarterly report then recorded 2.27 million barrels of oil equivalent and USD 191.6 million in quarterly sales revenue.

Upcoming operating milestones

The next operating markers are tied to development execution. Karoon expects drilling of the Who Dat G1 sidetrack to start in the fourth quarter of 2026, with completion targeted for the second quarter of 2027. Who Dat East is scheduled for first production in the second half of 2028, according to the quarterly report.

ASX trading stays separate

Karoon's last closing price on the ASX was AUD 1.72 on October 22, 2026. The operating figures provide the near-term context for Macquarie's AUD 1.75 target, while the SPS-92 repair timeline remains the clearest execution variable.

The further course of trading is shown by the continuously updated real-time quote of Karoon Energy stock.