Tamboran Resources (NYSE:TBN) Posts Quarterly Earnings Results

Tamboran Resources (NYSE:TBN) posted its quarterly earnings data on Wednesday. The company reported ($0.42) earnings per share (EPS) for the quarter, FiscalAI reports.

Here are the key takeaways from Tamboran Resources’ conference call:

• Tamboran said the pilot project remains on track for first gas sales in Q3 2026, with the Sturt Plateau Compression Facility 88% complete and the connected pipeline undergoing final commissioning.
• The company strengthened its liquidity by raising $198 million in equity, ending the quarter with $95 million in cash and a pro forma cash position of $298 million including expected proceeds from the Daly Waters acreage sale.
• Tamboran announced a farm-out with Daly Waters Energy covering about 10,000 acres for staged carry of up to $28.5 million, which it says helps fund near-term development and validates Beetaloo asset values.
• The company expects to test local Beetaloo sand in completions, which could cut stimulation costs by about $4 million per future well if successful. Management also noted other drilling cost improvements could come later as the basin matures.
• Tamboran expects the Falcon acquisition to close imminently after receiving the remaining approvals, while it continues to pursue a strategic JV partner and said improved basin valuations are supporting those discussions.

Tamboran Resources Price Performance

NYSE TBN traded down $0.50 on Thursday, reaching $36.80. The company’s stock had a trading volume of 135,320 shares, compared to its average volume of 126,983. The firm has a market cap of $834.28 million, a PE ratio of -19.32 and a beta of -2.17. The business has a 50-day moving average price of $35.58 and a 200 day moving average price of $29.67. Tamboran Resources has a 52 week low of $17.29 and a 52 week high of $52.21. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

Several research firms have recently issued reports on TBN. Royal Bank Of Canada upgraded shares of Tamboran Resources from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $38.00 to $55.00 in a report on Wednesday, April 29th. Weiss Ratings restated a “sell (d)” rating on shares of Tamboran Resources in a report on Wednesday, April 8th. Wells Fargo & Company boosted their price objective on shares of Tamboran Resources from $35.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Finally, Piper Sandler restated an “overweight” rating and set a $74.00 price objective (up from $41.00) on shares of Tamboran Resources in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.75.

Insider Transactions at Tamboran Resources

In other news, Director Scott D. Sheffield purchased 6,990 shares of Tamboran Resources stock in a transaction on Wednesday, April 8th. The shares were purchased at an average cost of $36.02 per share, for a total transaction of $251,779.80. Following the completion of the transaction, the director directly owned 292,430 shares in the company, valued at approximately $10,533,328.60. This represents a 2.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Phillip Z. Pace purchased 10,000 shares of Tamboran Resources stock in a transaction on Monday, April 13th. The stock was purchased at an average price of $36.99 per share, for a total transaction of $369,900.00. Following the completion of the transaction, the director owned 35,809 shares of the company’s stock, valued at approximately $1,324,574.91. This represents a 38.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Tamboran Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBN. Bank of America Corp DE boosted its position in Tamboran Resources by 66.7% in the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock valued at $31,000 after buying an additional 600 shares in the last quarter. State of Wyoming acquired a new position in Tamboran Resources in the second quarter valued at about $99,000. Walleye Capital LLC acquired a new position in Tamboran Resources in the fourth quarter valued at about $204,000. Balyasny Asset Management L.P. acquired a new position in Tamboran Resources in the fourth quarter valued at about $272,000. Finally, Readystate Asset Management LP acquired a new position in Tamboran Resources in the fourth quarter valued at about $433,000.

Tamboran Resources Company Profile

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.