Tamboran Resources (TBN) will publish earnings on Friday

Tamboran Resources (NYSE:TBN – Get Free Report ) will release its quarterly earnings data before the market opens on Friday, September 20th. Analysts expect the company to post earnings of ($0.51) per share for the quarter. Parties interested in participating in the company’s conference call may do so using this link.

Tamboran resource stocks increased by 1.5%

Shares of TBN stock 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 company’s 50-day moving average price is $21.77.

Analyst upgrades and downgrades

A number of analysts have commented on TBN shares. Johnson Rice started 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 started 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 target price on the stock.

Check out our latest Tamboran resource analysis

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 shares were acquired 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 filing with the SEC, which is available on the SEC’s website.

About Tamboran Resources

(Get a free report)

We are a growth-oriented independent natural gas exploration and production company focused on an integrated approach to the commercial development of the Beetaloo natural gas resource located in Australia’s Northern Territory. We and our interested working partners hold exploration permits (“EP”) for approximately 4.7 million gross contiguous acres (approximately 1.9 million net acres at Tamboran) and are currently the largest acreage holder in Beetaloo .

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