Encompass Capital Advisors LLC Has $19.43 Million Stock Holdings in Tamboran Resources Corporation $TBN

Posted by Geri Gentry on Jun 18th, 2026

Encompass Capital Advisors LLC lifted its holdings in Tamboran Resources Corporation (NYSE:TBN – Free Report) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 713,698 shares of the company’s stock after buying an additional 150,000 shares during the period. Encompass Capital Advisors LLC’s holdings in Tamboran Resources were worth $19,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. HITE Hedge Asset Management LLC raised its holdings in shares of Tamboran Resources by 44.0% during the third quarter. HITE Hedge Asset Management LLC now owns 1,737,575 shares of the company’s stock worth $47,575,000 after acquiring an additional 530,850 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in shares of Tamboran Resources by 124.1% during the third quarter. Ingalls & Snyder LLC now owns 258,534 shares of the company’s stock worth $7,079,000 after acquiring an additional 143,194 shares in the last quarter. Cooper Investors PTY Ltd. purchased a new stake in shares of Tamboran Resources during the fourth quarter worth $690,000. Arbiter Partners Capital Management LLC purchased a new stake in shares of Tamboran Resources during the third quarter worth $1,356,000. Finally, UBS Group AG raised its holdings in shares of Tamboran Resources by 55.4% during the fourth quarter. UBS Group AG now owns 433,598 shares of the company’s stock worth $11,807,000 after acquiring an additional 154,660 shares in the last quarter.

Tamboran Resources Price Performance

NYSE TBN opened at $35.98 on Thursday. Tamboran Resources Corporation has a fifty-two week low of $17.29 and a fifty-two week high of $52.21. The stock’s 50-day moving average is $35.70 and its two-hundred day moving average is $31.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $1.02 billion, a P/E ratio of -19.24 and a beta of -2.20.

Tamboran Resources (NYSE:TBN – Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.06). On average, analysts anticipate that Tamboran Resources Corporation will post -1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TBN shares. Piper Sandler reiterated 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Tamboran Resources in a report on Wednesday, April 8th. Royal Bank Of Canada upgraded Tamboran Resources from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $38.00 to $55.00 in a report on Wednesday, April 29th. Wells Fargo & Company increased their price objective on Tamboran Resources from $35.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Finally, Roth Mkm started coverage on Tamboran Resources in a report on Thursday, May 21st. They set a “buy” rating and a $47.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.50.

Check Out Our Latest Stock Report on Tamboran Resources

Insider Activity

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

Tamboran Resources Profile

(Free Report)

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.