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Tamboran Resources Limited ( (AU:TBN) ) has shared an announcement.
Tamboran Resources Corporation has reported a change in director Scott D. Sheffield’s interests in the company’s securities, following the issue of 181,274 common shares to him at USD$21 per share under a previously approved PIPE financing. The transaction, approved by shareholders at a special meeting in January 2025, increases Sheffield’s direct holdings while Merrill Lynch continues to act as broker-dealer for his existing indirect stake, underscoring continued director alignment with the company’s equity and the execution of its capital-raising plans.
The most recent analyst rating on (AU:TBN) stock is a Hold with a A$0.19 price target. To see the full list of analyst forecasts on Tamboran Resources Limited stock, see the AU:TBN Stock Forecast page.
More about Tamboran Resources Limited
Tamboran Resources Corporation is an energy company listed on the ASX, active in the exploration and development of natural gas resources, with its securities traded as common stock. The company operates in the broader oil and gas sector and uses capital markets mechanisms such as private investment in public equity (PIPE) transactions to fund its activities and growth initiatives.
Average Trading Volume: 1,619,912
Technical Sentiment Signal: Buy
Current Market Cap: A$906.2M
Find detailed analytics on TBN stock on TipRanks’ Stock Analysis page.