---
title: "Positive Report for Karoon Energy Ltd (KRNGF) from Morgans"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291201191.md"
description: "Morgans analyst Adrian Prendergast upgraded Karoon Energy Ltd (KRNGF) to a Buy with a price target of A$1.77. Prendergast, a 5-star analyst in the energy sector, joins Citi's Tom Wallington who issued a Buy rating on June 19. Conversely, Macquarie maintained a Hold rating on June 24."
datetime: "2026-06-30T00:06:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291201191.md)
  - [en](https://longbridge.com/en/news/291201191.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291201191.md)
generator: "portal-rs"
---

# Positive Report for Karoon Energy Ltd (KRNGF) from Morgans

In a report released today, Adrian Prendergast from Morgans upgraded Karoon Energy Ltd to a Buy, with a price target of A$1.77.

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According to TipRanks, Prendergast is a 5-star analyst with an average return of 16.6% and a 57.73% success rate. Prendergast covers the Energy sector, focusing on stocks such as Karoon Energy Ltd, Beach Energy , and Woodside Energy Group.

In addition to Morgans, Karoon Energy Ltd also received a Buy from Citi’s Tom Wallington in a report issued on June 19. However, on June 24, Macquarie maintained a Hold rating on Karoon Energy Ltd (Other OTC: KRNGF).

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## Related News & Research

- [Citi Sticks to Their Buy Rating for Karoon Energy Ltd (KRNGF)](https://longbridge.com/en/news/297244292.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**