Yaupon Capital Management LP Boosts Stake in Tamboran Resources Corp (NYSE:TBN)

Yaupon Capital Management LP boosted its stake in Tamboran Resources Corp (NYSE:TBN - Free Report) by 126.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 315,544 shares of the company's stock after acquiring an additional 176,189 shares during the quarter. Yaupon Capital Management LP owned 2.22% of Tamboran Resources worth $6,623,000 as of its most recent filing with the SEC.

Separately, HITE Hedge Asset Management LLC grew its position in shares of Tamboran Resources by 4.5% in the fourth quarter. HITE Hedge Asset Management LLC now owns 511,421 shares of the company's stock valued at $10,735,000 after purchasing an additional 22,004 shares during the period.

Tamboran Resources Stock Performance

Shares of Tamboran Resources stock traded down $0.68 on Friday, hitting $21.31. 9,099 shares of the company were exchanged, compared to its average volume of 35,202. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $23.51 and a 200 day moving average price of $21.26. Tamboran Resources Corp has a 1-year low of $15.75 and a 1-year high of $34.50.

Tamboran Resources (NYSE:TBN - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.34) by $0.01. Research analysts predict that Tamboran Resources Corp will post -1.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on TBN. Royal Bank of Canada restated a "sector perform" rating and set a $31.00 price target on shares of Tamboran Resources in a research report on Thursday, January 9th. Alliance Global Partners began coverage on Tamboran Resources in a research note on Tuesday, January 21st. They set a "buy" rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Tamboran Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.60.

Tamboran Resources Company Profile

Tamboran Resources Corporation, a natural gas company, focuses on developing unconventional gas resources in the northern territory of Australia. Its assets include a 25% non-operated working interest in EP 161; a 38.75% working interest in EPs 76, 98, and 117; and a 100% working interest in EPs 136 and 143, as well as EP (A) 197, located in the Betaloo Basin.