Tamboran Resources (TBN) Stock Forecast & Price Target

$18.52

-0.71 (-3.69%)

(As of 09/6/2024 ET)

Tamboran Resources - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 4 Analyst Ratings

Based on 4 Wall Street analysts who have issued ratings for Tamboran Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 1 has given a hold rating, and 3 have given a buy rating for TBN.

Consensus Price Target

$37.75
103.83% Upside

High Forecast	$47.00
Average Forecast	$37.75
Low Forecast	$31.00

According to the 4 analysts' twelve-month price targets for Tamboran Resources, the average price target is $37.75. The highest price target for TBN is $47.00, while the lowest price target for TBN is $31.00. The average price target represents a forecasted upside of 103.83% from the current price of $18.52.

Type	Current Forecast 9/7/23 to 9/6/24	1 Month Ago 8/8/23 to 8/7/24	3 Months Ago 6/9/23 to 6/8/24	1 Year Ago 9/7/22 to 9/7/23
Consensus Rating	Moderate Buy	Moderate Buy	N/A	N/A
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A	N/A
Buy	3 Buy rating(s)	3 Buy rating(s)	N/A	N/A
Hold	1 Hold rating(s)	1 Hold rating(s)	N/A	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	N/A	N/A
Consensus Price Target	$37.75	$37.75	N/A	N/A
Forecasted Upside	103.83% Upside	56.17% Upside	N/A	N/A

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TBN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TBN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tamboran Resources Stock vs. The Competition

Type	Tamboran Resources	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.75	2.59	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	103.83% Upside	120.49% Upside	11.33% Upside
News Sentiment Rating	Very Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/23/2024	Johnson Rice 4 of 5 stars	C. Meade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$47.00	+95.83%
7/22/2024	Citigroup 3 of 5 stars	P. Diamond Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$32.00	+32.07%
7/22/2024	Piper Sandler 2 of 5 stars	M. Lear Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$41.00	+69.21%
7/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Hanold Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$31.00	+27.94%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 12:14 AM ET.

TBN Forecast - Frequently Asked Questions

What is Tamboran Resources' forecast for 2024?: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Tamboran Resources is $37.75, with a high forecast of $47.00 and a low forecast of $31.00.
Should I buy or sell Tamboran Resources stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tamboran Resources in the last twelve months. There is currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TBN shares.
Does Tamboran Resources's stock price have much upside?: According to analysts, Tamboran Resources's stock has a predicted upside of 56.17% based on their 12-month stock forecasts.
What analysts cover Tamboran Resources?: Tamboran Resources has been rated by research analysts at Citigroup, Johnson Rice, Piper Sandler, and Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like Tamboran Resources more than its competitors?: Analysts like Tamboran Resources more than other "oils/energy" companies. The consensus rating score for Tamboran Resources is 2.75 while the average consensus rating score for "oils/energy" companies is 2.59. Learn more on how TBN compares to other companies.