Tamboran Resources (TBN) to Release Quarterly Earnings on Friday

Tamboran Resources (NYSE:TBN) will announce its earnings results before the market opens on Friday, September 20th. Analysts expect the company to announce earnings of ($0.51) per share for the quarter.

Tamboran Resources Price Performance

Shares of NYSE TBN opened at $19.29 on Friday. Tamboran Resources has a fifty-two week low of $17.92 and a fifty-two week high of $25.99. The business has a 50-day simple moving average of $21.93.

Analyst Upgrades and Downgrades

TBN has been the subject of several research analyst reports. Royal Bank of Canada started coverage on Tamboran Resources in a research note on Monday, July 22nd. They issued a “sector perform” rating and a $31.00 price objective for the company. Johnson Rice started coverage on shares of Tamboran Resources in a research report on Tuesday, July 23rd. They set a “buy” rating and a $47.00 price target for the company. Piper Sandler started coverage on shares of Tamboran Resources in a report on Monday, July 22nd. They issued an “overweight” rating and a $41.00 price objective on the stock. Finally, Citigroup assumed coverage on shares of Tamboran Resources in a research note on Monday, July 22nd. They issued a “buy” rating and a $32.00 price objective on the stock.

Insider Activity at Tamboran Resources

In related news, major shareholder Bryan Sheffield bought 12,424 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was acquired at an average price of $20.12 per share, with a total value of $249,970.88. Following the completion of the purchase, the insider now directly owns 2,247,404 shares of the company’s stock, valued at $45,217,768.48. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Tamboran Resources Company Profile

We are an early stage, growth-driven independent natural gas exploration and production company focused on an integrated approach to the commercial development of the natural gas resources in the Beetaloo located within the Northern Territory of Australia. We and our working interest partners have exploration permits (“EPs”) to approximately 4.7 million contiguous gross acres (approximately 1.9 million net acres to Tamboran) and are currently the largest acreage holder in the Beetaloo.