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NYSE:TBN

Tamboran Resources (TBN) Stock Price, News & Analysis

$19.53
+0.03 (+0.15%)
(As of 10/8/2024 ET)

About Tamboran Resources Stock (NYSE:TBN)

Key Stats

Today's Range
$18.77
$19.53
50-Day Range
$18.52
$24.35
52-Week Range
$17.92
$25.99
Volume
17,319 shs
Average Volume
58,568 shs
Market Capitalization
$277.72 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$37.75
Consensus Rating
Moderate Buy

Company Overview

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. Tamboran Resources Corporation was founded in 2009 and is headquartered in Sydney, Australia.

Tamboran Resources Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
49th Percentile Overall Score

TBN MarketRank™: 

Tamboran Resources scored higher than 49% of companies evaluated by MarketBeat, and ranked 192nd out of 260 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tamboran Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Tamboran Resources has only been the subject of 4 research reports in the past 90 days.

  • Read more about Tamboran Resources' stock forecast and price target.
  • Earnings Growth

    Earnings for Tamboran Resources are expected to grow in the coming year, from ($1.21) to ($1.10) per share.

  • Percentage of Shares Shorted

    0.45% of the float of Tamboran Resources has been sold short.
  • Short Interest Ratio / Days to Cover

    Tamboran Resources has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tamboran Resources has recently increased by 1.87%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Tamboran Resources does not currently pay a dividend.

  • Dividend Growth

    Tamboran Resources does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.45% of the float of Tamboran Resources has been sold short.
  • Short Interest Ratio / Days to Cover

    Tamboran Resources has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Tamboran Resources has recently increased by 1.87%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Tamboran Resources has a news sentiment score of -0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Tamboran Resources this week, compared to 1 article on an average week.
  • Search Interest

    2 people have searched for TBN on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Tamboran Resources insiders have bought more of their company's stock than they have sold. Specifically, they have bought $249,971.00 in company stock and sold $0.00 in company stock.

  • Read more about Tamboran Resources' insider trading history.
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TBN Stock News Headlines

Musk’s new company could top a trillion?
The investment legend who predicted the rise of Bitcoin, Facebook and streaming services like Netflix… Just released the details on what he’s calling Elon’s Project X-9840.
Tamboran Resources Corp.
See More Headlines

TBN Stock Analysis - Frequently Asked Questions

Tamboran Resources' stock was trading at $24.05 at the start of the year. Since then, TBN stock has decreased by 18.8% and is now trading at $19.53.
View the best growth stocks for 2024 here
.

Tamboran Resources (TBN) raised $75 million in an initial public offering (IPO) on Thursday, June 27th 2024. The company issued 3,125,000 shares at a price of $24.00 per share.

Tamboran Resources' lock-up period expires on Tuesday, December 24th. Tamboran Resources had issued 3,125,000 shares in its public offering on June 27th. The total size of the offering was $75,000,000 based on an initial share price of $24.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Shares of TBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Today
10/08/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Petroleum And Natural Gas
Web
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.75
High Stock Price Target
$47.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+99.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A

Miscellaneous

Free Float
N/A
Market Cap
$269.75 million
Optionable
N/A
Beta
N/A
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This page (NYSE:TBN) was last updated on 10/8/2024 by MarketBeat.com Staff
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