Key Points
- Director Scott Sheffield purchased 6,990 shares on April 8 at an average of $36.02 (≈$251,780), increasing his stake to 292,430 shares—a 2.45% rise valued at about $10.53 million.
- Tamboran opened at $35.75 with a market cap of ~$809.3M and a 12‑month range of $17.29–$52.21; analysts have a consensus Moderate Buy and an average target of $51.50, though ratings range from strong buy to sell and recent targets were raised to $74 (Piper Sandler) and $58 (Wells Fargo).
- The company is an independent energy explorer focused on the Beetaloo Basin in Australia, with expected FY EPS of -1.86 and solid liquidity (current ratio 2.01) plus low leverage (debt/equity 0.09).
Tamboran Resources Corporation (NYSE:TBN - Get Free Report) Director Scott Sheffield acquired 6,990 shares of the firm's stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average cost of $36.02 per share, with a total value of $251,779.80. Following the completion of the transaction, the director owned 292,430 shares in the company, valued at approximately $10,533,328.60. The trade was a 2.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Tamboran Resources Price Performance
Tamboran Resources stock opened at $35.75 on Friday. The stock has a market cap of $809.27 million, a P/E ratio of -18.71 and a beta of -1.60. The company has a fifty day simple moving average of $32.86 and a 200-day simple moving average of $28.18. Tamboran Resources Corporation has a 12-month low of $17.29 and a 12-month high of $52.21. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.09.
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 for the quarter, meeting analysts' consensus estimates of ($0.33). Equities analysts expect that Tamboran Resources Corporation will post -1.86 EPS for the current fiscal year.
Institutional Investors Weigh In On Tamboran Resources
Several hedge funds have recently made changes to their positions in TBN. Bank of America Corp DE boosted its stake in shares of Tamboran Resources by 66.7% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $31,000 after buying an additional 600 shares during the period. Whitebox Advisors LLC acquired a new stake in shares of Tamboran Resources during the second quarter worth about $1,194,000. State of Wyoming acquired a new stake in shares of Tamboran Resources during the second quarter worth about $99,000. Financial Management Professionals Inc. acquired a new position in shares of Tamboran Resources during the third quarter worth about $27,000. Finally, Ingalls & Snyder LLC increased its stake in shares of Tamboran Resources by 124.1% during the third quarter. Ingalls & Snyder LLC now owns 258,534 shares of the company's stock worth $7,079,000 after acquiring an additional 143,194 shares during the period.
Analyst Upgrades and Downgrades
TBN has been the subject of a number of research reports. Piper Sandler reissued an "overweight" rating and issued a $74.00 price target (up from $41.00) on shares of Tamboran Resources in a research report on Tuesday, March 31st. 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 research report on Monday, March 30th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Tamboran Resources in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $51.50.
View Our Latest Stock Analysis on TBN
Tamboran Resources Company Profile
(
Get Free Report)
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.
Further Reading
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