Tamboran Resources Corp Price & Performance (TBN)

Tamboran Resources Corporation (NYSE:TBN) experienced a 0.6% rise in stock value, trading at $23.23. Analysts have set a consensus price target of $36.60, with recent quarterly results surpassing expectations. The company’s strategic growth in Australia’s Beetaloo Basin and its focus on unconventional gas resources continue to attract investor interest.12

Tamboran Resources Corporation has advanced its Beetaloo Basin operations, completing two production wells and securing pipeline agreements. These developments align with rising global energy needs, including a projected 4% annual growth in electricity consumption. The company’s efforts aim to meet increasing demand while positioning itself as a key player in the energy transition.23

Tamboran Resources Corporation has captured billionaire investors’ attention, with holdings valued at $12.51 million. The company’s progress in the Beetaloo Basin, including record-breaking well achievements and pipeline development, underscores its commitment to first gas production by 2026. Analysts maintain a positive outlook, citing its role in the global energy transition.45