63,335 Shares in Tamboran Resources Corp (NYSE:TBN) Bought by Ingalls & Snyder LLC

Ingalls & Snyder LLC purchased a new stake in shares of Tamboran Resources Corp (NYSE:TBN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 63,335 shares of the company's stock, valued at approximately $1,287,000. Ingalls & Snyder LLC owned 0.45% of Tamboran Resources at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Baupost Group LLC MA bought a new stake in shares of Tamboran Resources in the 3rd quarter worth approximately $11,599,000. HITE Hedge Asset Management LLC boosted its position in shares of Tamboran Resources by 63.1% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 489,417 shares of the company's stock worth $9,945,000 after purchasing an additional 189,417 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Tamboran Resources in the 2nd quarter worth approximately $4,687,000. Edge Capital Group LLC bought a new stake in shares of Tamboran Resources in the 2nd quarter worth approximately $4,687,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Tamboran Resources in the 3rd quarter worth approximately $1,930,000.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reiterated a "sector perform" rating and set a $31.00 target price on shares of Tamboran Resources in a research note on Tuesday, November 19th.

Tamboran Resources Stock Down 5.0 %

Shares of NYSE:TBN traded down $0.86 during trading on Wednesday, reaching $16.51. The company's stock had a trading volume of 12,442 shares, compared to its average volume of 42,912. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.03. Tamboran Resources Corp has a 12 month low of $15.89 and a 12 month high of $25.99. The company's 50 day moving average price is $18.86.

Tamboran Resources Company Profile

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, 98, and 117; and a 100% working interest in EPs 136 and 143, as well as EP (A) 197, located in the Betaloo Basin.