Tamboran Resources (NYSE:TBN) Director Phillip Pace Purchases 10,000 Shares of Stock

Tamboran Resources Corporation (NYSE:TBN) Director Phillip Pace purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was bought at an average price of $36.99 per share, for a total transaction of $369,900.00. Following the transaction, the director directly owned 35,809 shares of the company’s stock, valued at $1,324,574.91. This trade represents a 38.75% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Tamboran Resources Stock Up 0.7%

Shares of NYSE TBN opened at $35.69 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.01 and a current ratio of 2.01. Tamboran Resources Corporation has a 52 week low of $17.29 and a 52 week high of $52.21. The stock has a market capitalization of $809.00 million, a P/E ratio of -18.68 and a beta of -1.60. The stock’s fifty day moving average is $33.35 and its 200 day moving average is $28.54.

Tamboran Resources (NYSE:TBN) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.33) EPS for the quarter, hitting analysts’ consensus estimates of ($0.33). Sell-side analysts forecast that Tamboran Resources Corporation will post -1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TBN has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Tamboran Resources from $35.00 to $58.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Piper Sandler reiterated an “overweight” rating and issued a $74.00 target price (up from $41.00) on shares of Tamboran Resources in a research report on Tuesday, March 31st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tamboran Resources in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

Tamboran Resources News Summary

Here are the key news stories impacting Tamboran Resources this week:

• Positive Sentiment: Director Phillip Z. Pace bought 10,000 shares at an average price of $36.99 (filed with the SEC), a ~38.8% increase in his holding — a clear insider vote of confidence that likely helped lift the stock. Phillip Z. Pace SEC Filing
• Positive Sentiment: Director Scott D. Sheffield also increased his indirect shareholding via on‑market purchases, reinforcing management’s alignment with shareholders. Director Sheffield Purchase
• Positive Sentiment: Analysis: Tamboran is targeting commercial production in Australia’s Beetaloo Basin later this year and is focused on reducing well costs (current ~$26m to a 2030 target of ~$15m per well) — a positive operational catalyst if cost declines and timing materialize. Seeking Alpha: Well Cost Reductions
• Neutral Sentiment: Market coverage & commentary pieces have summarized recent developments and sector context; these help visibility but are secondary to corporate actions. Kalkine Media Coverage
• Negative Sentiment: Tamboran issued 148,308,400 new CHESS Depositary Interests under an accelerated entitlement offer — a sizable equity raise that increases share supply and is likely dilutive to existing holders in the near term. Investors should assess use of proceeds and timing of issuance impact. Entitlement Offer Announcement
• Negative Sentiment: Additional smaller issuances were disclosed (1,013,110 and 443,491 unquoted common shares under prior transactions), which add modest further dilution and reflect settlement of prior arrangements. Unquoted Share Issuances

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new stake in shares of Tamboran Resources during the third quarter worth about $27,000. Bank of America Corp DE grew its holdings in shares of Tamboran Resources by 66.7% during the fourth quarter. Bank of America Corp DE now owns 1,500 shares of the company’s stock worth $31,000 after purchasing an additional 600 shares during the last quarter. State of Wyoming bought a new stake in shares of Tamboran Resources during the second quarter worth about $99,000. Walleye Capital LLC bought a new stake in shares of Tamboran Resources during the fourth quarter worth about $204,000. Finally, XY Capital Ltd bought a new stake in shares of Tamboran Resources during the fourth quarter worth about $253,000.

About Tamboran Resources

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.