Tamboran Resources (NYSE:TBN) Earns Buy Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Tamboran Resources (NYSE:TBN) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $32.00 target price on the stock.

Several other equities analysts have also recently commented on the company. Piper Sandler began coverage on Tamboran Resources in a report on Monday. They issued an overweight rating and a $41.00 price target for the company. Royal Bank of Canada began coverage on shares of Tamboran Resources in a research report on Monday. They issued a sector perform rating and a $31.00 price target on the stock.

Tamboran Resources Stock Up 0.8 %

Shares of Tamboran Resources stock opened at $24.32 on Monday. Tamboran Resources has a 1-year low of $21.74 and a 1-year high of $25.99.

Tamboran Resources Company Profile

We are an early stage, growth-driven independent natural gas exploration and production company focused on an integrated approach to the commercial development of the natural gas resources in the Beetaloo located within the Northern Territory of Australia. We and our working interest partners have exploration permits (“EPs”) to approximately 4.7 million contiguous gross acres (approximately 1.9 million net acres to Tamboran) and are currently the largest acreage holder in the Beetaloo.