Tamboran Resources Corporation (TBN)
NYSE:TBN
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Tamboran Resources Corporation
(NYSE:TBN)
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Rating:54Neutral
Price Target:
$33.00
▼(-4.49% Downside)
Action:ReiteratedDate:03/21/26
The score is held back primarily by weak financial performance—minimal revenue, ongoing losses, and heavy negative free cash flow—despite a relatively low-leverage balance sheet. Technical trends are a clear positive with price above key moving averages and supportive momentum indicators. Corporate events modestly improve outlook via added funding, leadership, and more flexible project timelines, while valuation remains constrained by loss-driven negative earnings and no indicated dividend yield.
Positive Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio and materially larger asset base provide durable financial flexibility for an exploration-stage E&P. This cushion supports continued appraisal and development spending, reduces insolvency risk relative to peers, and makes Tamboran a more credible counterparty for JV and farm-out negotiations.
Negative Factors
Minimal revenue; persistent losses
Tamboran remains pre-commercial with negligible sales and sustained large net losses, meaning it generates no operating earnings to self-fund development. Over the medium term this forces dependence on external capital, increases dilution risk, and implies a long runway to any profitability unless material commercial volumes are proven.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio and materially larger asset base provide durable financial flexibility for an exploration-stage E&P. This cushion supports continued appraisal and development spending, reduces insolvency risk relative to peers, and makes Tamboran a more credible counterparty for JV and farm-out negotiations.
Read all positive factors
Tamboran Resources Corporation (TBN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$782.20M
Dividend YieldN/A
Average Volume (3M)44.30K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees39
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-66.00
Shares Outstanding22,639,513
10 Day Avg. Volume44,997
30 Day Avg. Volume44,305
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.09
Price to Sales (P/S)0.00
P/FCF Ratio-2.24
Enterprise Value/Market Cap1.03
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-1.42K
Enterprise Value/Ebitda-22.07
Forecast
1Y Price Target
$38.67Price Target Upside11.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-170.31
Revenue Forecast (FY)$14.32M
Tamboran Resources Corporation Business Overview & Revenue Model
Company Description
Tamboran Resources Corporation, a natural gas company, focuses on developing unconventional gas resources in the northern territory of Australia. Its assets include a 25% non-operated working interest in EP 161; a 38.75% working interest in EPs 76...
How the Company Makes Money
Tamboran’s business model is to create value from natural gas assets by (1) exploring and appraising acreage to prove commercially recoverable gas resources, and then (2) developing and producing gas for sale, or alternatively (3) monetizing asset...
Tamboran Resources Corporation Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -568.90K | -1.13M | -120.44K | -719.29K | -407.63K | 0.00 |
| EBITDA | -36.61M | -38.50M | -20.37M | -31.48M | -7.38M | -15.48M |
| Net Income | -25.02M | -36.90M | -21.92M | -32.03M | -7.83M | -23.82M |
Balance Sheet | ||||||
| Total Assets | 900.05M | 446.46M | 358.64M | 182.85M | 134.07M | 112.57M |
| Cash, Cash Equivalents and Short-Term Investments | 83.40M | 39.44M | 74.75M | 7.06M | 26.81M | 63.08M |
| Total Debt | 90.10M | 26.40M | 27.89M | 479.70K | 1.11M | 1.47M |
| Total Liabilities | 164.56M | 57.01M | 50.96M | 22.27M | 5.46M | 8.20M |
| Stockholders Equity | 537.82M | 287.72M | 262.72M | 139.53M | 128.61M | 104.36M |
Cash Flow | ||||||
| Free Cash Flow | -96.48M | -139.77M | -75.10M | -21.40M | -65.95M | -21.85M |
| Operating Cash Flow | -35.24M | -29.64M | -11.40M | -12.80M | -11.06M | -8.63M |
| Investing Cash Flow | -129.51M | -98.77M | -66.11M | -86.53M | -56.12M | -13.21M |
| Financing Cash Flow | 203.19M | 101.06M | 146.39M | 85.24M | 31.11M | 79.34M |
Tamboran Resources Corporation Technical Analysis
Positive
34.55
Price Trends
29.71
Positive
27.34
Positive
24.81
Positive
Market Momentum
0.80
Negative
69.09
Neutral
80.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TBN, the sentiment is Positive. The current price of 34.55 is above the 20-day moving average (MA) of 31.19, above the 50-day MA of 29.71, and above the 200-day MA of 24.81, indicating a bullish trend. The MACD of 0.80 indicates Negative momentum. The RSI at 69.09 is Neutral, neither overbought nor oversold. The STOCH value of 80.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TBN.
Tamboran Resources Corporation Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $273.59M | 4.20 | 10.56% | ― | -9.46% | -144.89% | |
75 Outperform | $371.16M | 6.52 | 12.19% | ― | -6.03% | -54.59% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | $332.94M | -5.17 | -4.02% | ― | -15.44% | -113.21% | |
55 Neutral | $487.99M | -2.23 | 107.62% | 2.41% | -6.92% | -126.24% | |
54 Neutral | $782.20M | -13.76 | -13.73% | ― | ― | ― |
* Energy Sector Average
TBN
Tamboran Resources Corporation
34.55
10.28
42.36%
AMPY
Amplify Energy
6.63
2.62
65.34%
PNRG
Primeenergy
227.01
3.41
1.53%
WTI
W&T Offshore
3.28
1.72
110.80%
REI
Ring Energy
1.59
0.39
32.50%
Tamboran Resources Corporation Corporate Events
Business Operations and StrategyM&A Transactions
Tamboran Reshapes Beetaloo Phase 2 Joint Venture Terms
Positive
Mar 20, 2026
On March 20, 2026, Tamboran Resources’ joint venture parties executed an addendum to their Second Amended and Restated Joint Venture and Shareholders Agreement governing the Beetaloo Basin gas project. The addendum reshapes and expands the D...
Private Placements and FinancingShareholder Meetings
Tamboran Resources Closes PIPE Financing to Bolster Capital
Positive
Jan 22, 2026
Tamboran Resources Corporation entered into subscription agreements on October 24, 2025 with certain investors for a $32 million private investment in public equity (PIPE), involving the sale of 1,524,377 common shares at $21.00 per share, subject...
Business Operations and StrategyExecutive/Board Changes
Tamboran Resources Names Todd Abbott as New CEO
Positive
Jan 13, 2026
On January 10, 2026, Tamboran Resources Corporation’s board appointed veteran upstream oil and gas executive Todd Abbott as Chief Executive Officer, effective January 15, 2026, with interim CEO Richard Stoneburner reverting to his role as no...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.