Cooper Investors PTY Ltd. Purchases Shares of 25,322 Tamboran Resources Corporation $TBN

Cooper Investors PTY Ltd. purchased a new stake in shares of Tamboran Resources Corporation (NYSE:TBN) in the fourth quarter, Holdings Channel.com reports. The firm purchased 25,322 shares of the company’s stock, valued at approximately $690,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of America Corp DE boosted its stake in Tamboran Resources by 66.7% during 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 during the period. Whitebox Advisors LLC bought a new position in Tamboran Resources in the 2nd quarter worth about $1,194,000. State of Wyoming bought a new position in Tamboran Resources in the 2nd quarter worth about $99,000. Financial Management Professionals Inc. purchased a new stake in shares of Tamboran Resources in the 3rd quarter valued at about $27,000. Finally, Ingalls & Snyder LLC raised its holdings in shares of Tamboran Resources by 124.1% in the 3rd quarter. Ingalls & Snyder LLC now owns 258,534 shares of the company’s stock valued at $7,079,000 after acquiring an additional 143,194 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Tamboran Resources in a report on Tuesday, December 2nd. They set an “overweight” rating and a $35.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tamboran Resources in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.33.

Tamboran Resources Stock Up 0.2%

Shares of NYSE:TBN opened at $43.47 on Monday. The firm has a market capitalization of $984.07 million, a PE ratio of -22.76 and a beta of 0.13. 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 $44.13. The firm has a fifty day moving average of $30.05 and a 200 day moving average of $26.84.

Tamboran Resources (NYSE:TBN) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.33) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.33). As a group, research analysts anticipate that Tamboran Resources Corporation will post -1.86 EPS for the current fiscal year.

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.