Tamboran Resources (TBN) Set to Announce 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. Investors that wish to listen to the company’s conference call can do so using this link.

Tamboran Resources Stock Performance

TBN opened at $19.80 on Thursday. The stock has a 50 day moving average price of $21.73. Tamboran Resources has a 1-year low of $17.92 and a 1-year high of $25.99.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, major shareholder Bryan Sheffield purchased 12,424 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of $20.12 per share, for a total transaction of $249,970.88. Following the acquisition, the insider now owns 2,247,404 shares in the company, valued at $45,217,768.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.