Insider Buying: Tamboran Resources (NYSE:TBN) Director Purchases 10,000 Shares of Stock

April 16, 2026 by InsiderTrades.com

Key Points

Director Phillip Pace purchased 10,000 shares of Tamboran at an average price of $36.99 (total $369,900), increasing his holding by ~38.8% to 35,809 shares (worth about $1.32M), signaling an insider vote of confidence.
Tamboran issued 148,308,400 new CHESS Depositary Interests under an accelerated entitlement offer, a sizable equity raise likely to dilute existing shareholders, with additional smaller issuances adding modest further dilution.
Operationally, Tamboran is targeting commercial production in the Beetaloo Basin later this year and plans to reduce well costs from roughly $26M to $15M by 2030, while analysts show mixed views but a consensus "Moderate Buy" and $51.50 target price.

Tamboran Resources Corporation (NYSE:TBN - Get Free Report) Director Phillip Pace purchased 10,000 shares of Tamboran Resources stock in a transaction dated Monday, April 13th. The shares were purchased at an average price of $36.99 per share, for a total transaction of $369,900.00. Following the completion of the acquisition, the director owned 35,809 shares of the company's stock, valued at approximately $1,324,574.91. The trade was a 38.75% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tamboran Resources Stock Performance

NYSE:TBN opened at $35.69 on Thursday. The stock has a market cap of $809.00 million, a P/E ratio of -18.68 and a beta of -1.60. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.09. The stock's 50-day moving average is $33.35 and its 200-day moving average is $28.54. Tamboran Resources Corporation has a 1-year low of $17.29 and a 1-year high of $52.21.

Tamboran Resources (NYSE:TBN - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.33) earnings per share for the quarter, hitting the consensus estimate of ($0.33). Equities research analysts anticipate that Tamboran Resources Corporation will post -1.86 earnings per share for the current year.

Key Tamboran Resources News

Here are the key news stories impacting Tamboran Resources this week:

Positive Sentiment: Director Phillip Z. Pace bought 10,000 shares at an average price of $36.99 (filed with the SEC), a ~38.8% increase in his holding — a clear insider vote of confidence that likely helped lift the stock. Phillip Z. Pace SEC Filing
Positive Sentiment: Director Scott D. Sheffield also increased his indirect shareholding via on‑market purchases, reinforcing management’s alignment with shareholders. Director Sheffield Purchase
Positive Sentiment: Analysis: Tamboran is targeting commercial production in Australia’s Beetaloo Basin later this year and is focused on reducing well costs (current ~$26m to a 2030 target of ~$15m per well) — a positive operational catalyst if cost declines and timing materialize. Seeking Alpha: Well Cost Reductions
Neutral Sentiment: Market coverage & commentary pieces have summarized recent developments and sector context; these help visibility but are secondary to corporate actions. Kalkine Media Coverage
Negative Sentiment: Tamboran issued 148,308,400 new CHESS Depositary Interests under an accelerated entitlement offer — a sizable equity raise that increases share supply and is likely dilutive to existing holders in the near term. Investors should assess use of proceeds and timing of issuance impact. Entitlement Offer Announcement
Negative Sentiment: Additional smaller issuances were disclosed (1,013,110 and 443,491 unquoted common shares under prior transactions), which add modest further dilution and reflect settlement of prior arrangements. Unquoted Share Issuances

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TBN shares. Weiss Ratings restated a "sell (d)" rating on shares of Tamboran Resources in a report on Wednesday, April 8th. Wells Fargo & Company lifted their price objective on Tamboran Resources from $35.00 to $58.00 and gave the stock an "overweight" rating in a research note on Monday, March 30th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $74.00 price objective (up from $41.00) on shares of Tamboran Resources in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Tamboran Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.50.

Check Out Our Latest Research Report on TBN

Hedge Funds Weigh In On Tamboran Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in TBN. Financial Management Professionals Inc. acquired a new position in shares of Tamboran Resources in the third quarter worth approximately $27,000. Bank of America Corp DE lifted its stake in shares of Tamboran Resources by 66.7% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $31,000 after acquiring an additional 600 shares during the period. State of Wyoming acquired a new position in shares of Tamboran Resources in the second quarter worth approximately $99,000. Walleye Capital LLC acquired a new position in shares of Tamboran Resources in the fourth quarter worth approximately $204,000. Finally, XY Capital Ltd acquired a new position in shares of Tamboran Resources in the fourth quarter worth approximately $253,000.

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.