Tamboran Resources

TBN · NYSE

$30.30+$2.51 (+9.03%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $27.79

TBN analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $61.20 (+102.0% upside)

Low: $47.47
Now: $30.30
High: $78.75

Upgrades and downgrades

The latest rating actions, newest first

TBN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Roth Capital	May 21, 2026	Initiates	Buy	$47.00	71%
RBC Capital	Apr 29, 2026	Upgrade	Sector Perform → Outperform	$38.00 → $55.00	56%
Piper Sandler	Mar 31, 2026	Maintains	Overweight	$41.00 → $74.00	60%
Wells Fargo	Mar 30, 2026	Maintains	Overweight	$35.00 → $58.00	80%
Wells Fargo	Dec 2, 2025	Initiates	Overweight	$35.00	80%
RBC Capital	Oct 24, 2025	Maintains	Sector Perform	$30.00 → $38.00	56%

The case for and against

Updated Sep 18, 2026

Bull case

Tamboran Resources is well-positioned in the Australian and Asia-Pacific region to support the Net Zero CO2 energy transition with its focus on low CO2 unconventional gas resources in the Beetaloo sub-basin. The company has a strong start to its exploration and appraisal activities and has potential for further growth as it awaits the farm-out deal in 2Q26. However, there are risks to this positive outlook such as a delay in LNG facility construction, weaker pricing, and environmental and political risks that could impact the company's financials and operations.

Bear case

Tamboran Resources is facing several obstacles that may hinder its success, including a higher cost structure than its peers, limited familiarity with new technology, and the need for additional funding and strong stock performance. There are also risks associated with being an early-stage company operating in a nascent basin with no proven resources. Despite the potential for a strong market in Asia and the recent transactions in the Beetaloo Basin valuing it at a higher rate, there are still uncertainties and additional requirements for exploration and approval before commercialization. These challenges create a higher risk profile for investors, but also present a unique opportunity to get in early on a potentially valuable resource. However, there is a chance for a significant upside if the company is able to successfully navigate these challenges and fully realize the potential of its acreage in the Beetaloo Basin.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.