State of Wyoming Buys Shares of 16,363 Tamboran Resources Corporation $TBN

Posted by Brenda Bartman on Aug 18th, 2026

State of Wyoming bought a new position in shares of Tamboran Resources Corporation (NYSE:TBN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,363 shares of the company’s stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. HITE Hedge Asset Management LLC increased its holdings in shares of Tamboran Resources by 17.2% in the 4th quarter. HITE Hedge Asset Management LLC now owns 2,036,603 shares of the company’s stock valued at $55,457,000 after purchasing an additional 299,028 shares in the last quarter. UBS Group AG boosted its holdings in Tamboran Resources by 170.9% during the third quarter. UBS Group AG now owns 278,938 shares of the company’s stock worth $7,637,000 after buying an additional 175,973 shares in the last quarter. Encompass Capital Advisors LLC boosted its holdings in Tamboran Resources by 26.6% during the fourth quarter. Encompass Capital Advisors LLC now owns 713,698 shares of the company’s stock worth $19,434,000 after buying an additional 150,000 shares in the last quarter. Zimmer Partners LP acquired a new position in Tamboran Resources during the fourth quarter worth about $3,914,000. Finally, Cooper Investors PTY Ltd. grew its position in Tamboran Resources by 514.0% during the second quarter. Cooper Investors PTY Ltd. now owns 155,479 shares of the company’s stock worth $5,055,000 after buying an additional 130,157 shares during the period.

Tamboran Resources Stock Up 1.8%

Shares of NYSE TBN opened at $37.49 on Tuesday. The firm has a market cap of $1.06 billion, a P/E ratio of -20.05 and a beta of -2.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.00 and a current ratio of 2.00. Tamboran Resources Corporation has a 1 year low of $19.55 and a 1 year high of $52.21. The firm’s 50 day moving average price is $33.48 and its 200 day moving average price is $33.73.

Analysts Set New Price Targets

A number of research analysts have issued reports on TBN shares. Zacks Research cut shares of Tamboran Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Roth Capital began coverage on Tamboran Resources in a report on Thursday, May 21st. They issued a “buy” rating and a $47.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tamboran Resources in a research note on Monday, July 6th. Finally, Royal Bank Of Canada raised Tamboran Resources from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $38.00 to $55.00 in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.50.

Read Our Latest Stock Analysis on Tamboran Resources

Tamboran Resources Company 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.