Tamboran Resources Corporation $TBN Holdings Trimmed by Cooper Investors PTY Ltd.

Cooper Investors PTY Ltd. lowered its position in shares of Tamboran Resources Corporation (NYSE:TBN) by 82.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,854 shares of the company’s stock after selling 127,625 shares during the quarter. Tamboran Resources comprises 0.5% of Cooper Investors PTY Ltd.’s holdings, making the stock its 27th biggest position. Cooper Investors PTY Ltd. owned 0.08% of Tamboran Resources worth $918,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Tamboran Resources during the second quarter worth approximately $39,000. GK Wealth Management LLC bought a new stake in Tamboran Resources during the third quarter worth about $41,000. Deutsche Bank AG acquired a new stake in Tamboran Resources during the second quarter worth about $42,000. Avalon Trust Co acquired a new stake in Tamboran Resources during the second quarter worth about $44,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Tamboran Resources during the first quarter worth about $240,000.

Tamboran Resources Trading Up 4.3%

NYSE:TBN traded up $1.50 on Tuesday, reaching $36.03. 108,858 shares of the stock traded hands, compared to its average volume of 153,866. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -19.27 and a beta of -1.91. The company’s 50 day moving average is $36.50 and its 200-day moving average is $35.66. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07. Tamboran Resources Corporation has a 1-year low of $22.33 and a 1-year high of $52.21.

Analysts Set New Price Targets

TBN has been the topic of several recent analyst reports. Zacks Research raised shares of Tamboran Resources from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tamboran Resources in a report on Friday, October 2nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tamboran Resources has an average rating of “Moderate Buy” and a consensus price target of $58.50.

Tamboran Resources Company Profile

Tamboran Resources is an Australian natural gas exploration and development company focused on the Beetaloo Basin in the Northern Territory. The company is developing large-scale onshore natural gas resources, with an emphasis on producing lower-carbon-intensity gas for Australian energy markets.

Tamboran’s activities include exploration, appraisal drilling, resource development and the planning of production infrastructure. Its principal project area includes the Shenandoah South development in the Beetaloo Basin, where the company is working to establish a long-term supply of natural gas for domestic use and potential liquefied natural gas export markets.

Tamboran Resources is headquartered in Australia and has been led by Chief Executive Officer Joel Riddle.