Tamboran Resources (NYSE:TBN – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($14.63) by $14.68, FiscalAI reports.
Tamboran Resources Stock Performance
TBN opened at $34.99 on Friday. The business’s 50-day moving average price is $36.34 and its two-hundred day moving average price is $35.39. Tamboran Resources has a 1 year low of $19.55 and a 1 year high of $52.21. The company has a market capitalization of $990.95 million, a price-to-earnings ratio of -18.71 and a beta of -2.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.00 and a quick ratio of 2.00.
Analyst Ratings Changes
Several analysts recently commented on TBN shares. Zacks Research raised Tamboran Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Tamboran Resources in a research note on Monday, July 6th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $58.50.
Tamboran Resources Company Profile
Tamboran Resources Corporation (NYSE:TBN) is an Australia-focused natural gas exploration and development company. The company’s primary asset base is located in the Beetaloo Basin in Australia’s Northern Territory, where it is pursuing the development of large-scale shale gas resources.
Tamboran’s activities include acquiring and evaluating exploration acreage, drilling and testing wells, and advancing infrastructure and commercial development plans for natural gas production. Its Beetaloo Basin portfolio includes the Shenandoah South and Amungee projects, which are intended to support future domestic gas supply and potential liquefied natural gas export opportunities.
The company was established to develop unconventional gas resources in Australia and has focused its operations on the Northern Territory rather than maintaining a broad international footprint.
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