Tamboran Resources Corporation (NYSE:TBN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give Tamboran a consensus rating of Moderate Buy (1 sell, 1 hold, 2 buy, 1 strong buy) with an average 1‑year price target of $51.50; notable updates include Wells Fargo raising its target to $58 and Piper Sandler to $74 while Weiss Ratings remains a sell.
• Two directors recently bought shares—Scott D. Sheffield purchased 6,990 shares at $36.02 and Phillip Z. Pace bought 10,000 shares at $36.99—bringing insider ownership to about 4.50%.
• TBN opened at $35.53 and trades in a 1‑year range of $17.29–$52.21 with a market cap of roughly $805M; the company is currently unprofitable (negative EPS, consensus -1.42 for the year) but shows strong liquidity (current and quick ratios ~2.01) and low leverage (debt/equity 0.09).

Shares of Tamboran Resources Corporation (NYSE:TBN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $51.50.

Several brokerages have recently issued reports on TBN. Wells Fargo & Company boosted their price target on shares of Tamboran Resources from $35.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, March 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Tamboran Resources in a report on Wednesday, April 8th. Finally, Piper Sandler reissued an "overweight" rating and set a $74.00 price target (up from $41.00) on shares of Tamboran Resources in a report on Tuesday, March 31st.

Tamboran Resources Stock Performance

Shares of TBN opened at $35.53 on Friday. Tamboran Resources has a 1 year low of $17.29 and a 1 year high of $52.21. The company has a market cap of $805.47 million, a price-to-earnings ratio of -18.60 and a beta of -1.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a fifty day moving average of $34.42 and a 200-day moving average of $28.95.

Tamboran Resources (NYSE:TBN - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.33). As a group, equities analysts anticipate that Tamboran Resources will post -1.42 earnings per share for the current year.

Insider Activity

In related news, Director Scott D. Sheffield acquired 6,990 shares of Tamboran Resources stock in a transaction that occurred on Wednesday, April 8th. The stock was acquired at an average price of $36.02 per share, with a total value of $251,779.80. Following the completion of the acquisition, the director directly owned 292,430 shares of the company's stock, valued at $10,533,328.60. This trade represents a 2.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Phillip Z. Pace acquired 10,000 shares of Tamboran Resources stock in a transaction that occurred on Monday, April 13th. The stock was bought at an average cost of $36.99 per share, with a total value of $369,900.00. Following the acquisition, the director directly owned 35,809 shares of the company's stock, valued at approximately $1,324,574.91. This trade represents a 38.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Tamboran Resources

Several institutional investors have recently bought and sold shares of TBN. HITE Hedge Asset Management LLC lifted its holdings in Tamboran Resources by 44.0% in the third quarter. HITE Hedge Asset Management LLC now owns 1,737,575 shares of the company's stock worth $47,575,000 after purchasing an additional 530,850 shares during the period. UBS Group AG lifted its holdings in Tamboran Resources by 170.9% in the third quarter. UBS Group AG now owns 278,938 shares of the company's stock worth $7,637,000 after purchasing an additional 175,973 shares during the period. Encompass Capital Advisors LLC lifted its holdings in Tamboran Resources by 26.6% in the fourth quarter. Encompass Capital Advisors LLC now owns 713,698 shares of the company's stock worth $19,434,000 after purchasing an additional 150,000 shares during the period. Zimmer Partners LP acquired a new stake in Tamboran Resources in the fourth quarter worth about $3,914,000. Finally, Ingalls & Snyder LLC lifted its holdings in Tamboran Resources by 124.1% in the third quarter. Ingalls & Snyder LLC now owns 258,534 shares of the company's stock worth $7,079,000 after purchasing an additional 143,194 shares during the period.

Tamboran Resources Company Profile

Tamboran Resources is an independent energy company focused on the exploration and development of unconventional natural gas resources. Headquartered in Canada and listed on the New York Stock Exchange under the ticker TBN, the company concentrates its activities on onshore basins in Australia. Tamboran's primary objective is to advance its exploration acreage toward commercial viability by leveraging modern drilling and reservoir evaluation techniques.

The company holds exploration licenses in the Beetaloo Basin in the Northern Territory of Australia, where it is conducting appraisal drilling programs to define reservoir characteristics and recoverability.

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