Tamboran Resources (TBN) to Release Earnings on Friday

Tamboran Resources (NYSE:TBN) will issue its quarterly earnings data before the market opens on Friday, September 20th. Analysts expect the company to announce earnings of ($0.51) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Tamboran Resources Stock Up 1.5 %

Shares of TBN opened at $19.50 on Wednesday. Tamboran Resources has a twelve month low of $17.92 and a twelve month high of $25.99. The firm’s 50 day moving average price is $21.77.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Tamboran Resources

In other news, major shareholder Bryan Sheffield acquired 12,424 shares of Tamboran Resources stock in a transaction dated Friday, August 30th. The stock was purchased at an average cost 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 in the company, valued at approximately $45,217,768.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

About Tamboran Resources

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.