Tamboran Resources Corp (TBN)
Energy · Unconventional natural gas exploration and development · NYSE
Tamboran Resources is an early-stage, pre-revenue natural gas explorer developing unconventional shale gas resources in Australia's Beetaloo Basin with a goal to supply the East Coast and Asian markets by late 2026.
What Tamboran Resources Corp does
Tamboran Resources is an early-stage oil and gas exploration and development company focused on unconventional natural gas development in the Beetaloo Basin in Australia's Northern Territory. The company is pursuing a strategy to deliver natural gas to the Australian East Coast and select Asian markets through the construction of additional pipeline infrastructure. With no material revenue expected until late 2026, Tamboran is currently pre-revenue and focused on drilling, completions, and hydraulic fracturing operations to develop its gas resources.
Themes: Natural gas development, Unconventional resources / shale gas, Australian energy infrastructure, Energy transition / net zero production, Pipeline infrastructure
Fundamentals
- Price$36.96 as of 2026-08-26 close
- Market cap$1.0B as of 2026-08-26
- 1-year return+81.2% 2025-08-26 close $20.40 → 2026-08-26 close $36.96
- P/En/a negative earnings
- Net margin-10836.4% as of 2026-08-26
- ROE-10.3% as of 2026-08-26
- Debt / equity0.17 as of 2026-08-26
- Beta0.47 as of 2026-08-26
- Last reported earnings2026-05-13 SEC EDGAR Form 8-K (Item 2.02)
How TBN compares in its sector
- net profit marginbottom 10% 149 covered Energy peers, as of 2026-08-26
- operating marginbottom 10% 149 covered Energy peers, as of 2026-08-26
- return on equitybottom 25% 152 covered Energy peers, as of 2026-08-26
Position among covered Energy companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How Tamboran Resources Corp looks technically
Tamboran Resources Corp (TBN) is trading 17.4% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 220 trading days ago — a "golden cross", a bullish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 29, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 60, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 6 trading days ago. It is 29.2% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 17.4% above its 200-day average, the long-term trend line — a longer-term uptrend | +17.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $33.91 | $33.91 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $31.48 | $31.48 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 27 calendar days ago — the swings before that are what the structure reading is measured on | 27 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 31.0451. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 220 trading days ago — a "golden cross", a bullish long-term signal | 220 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 29, with buyers in control | 29.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 60, neither overbought (above 70) nor oversold (below 30) | 59.7 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($32.42 to $39.08) — its "stochastic" reading is 68 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 68.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 15 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $52.21 | $52.21 |
|---|---|---|
| From the 52-week high | it is 29.2% below its 52-week high (its highest price of the past year) | -29.2% |
| Above the 52-week low | it is 89.1% above its 52-week low (its lowest price of the past year) | +89.0% |
| Below the 52-week high | it is 29.2% below its highest point of the past year | 29.2% |
| Since a 20-day breakout | it made a new 20-day high about 6 trading days ago | 6 sessions |
| Since a 55-day breakout | it made a new 55-day low about 39 trading days ago | 39 sessions |
| All-time high | its highest closing price on record is $52.21 (set on 2026-03-31) | $52.21 |
| Given back of the 52-week move | over the past year its closes ranged ($20.00 to $49.99), and it has given back roughly a third of its rise from last year’s low — 43% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $30.50 to $31.46. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 43.5% |
| From the all-time high | it is 29.2% below its all-time high | -29.2% |
| Nearest price level | it is trading 2.4% below a resistance level at $37.84 — a price it turned at twice since 2026-04-29, most recently on 2026-05-14. Since 2024-08-26 it has 17 such levels below the current price and 1 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +2.4% |
| All-time low | its lowest closing price on record is $15.75 (set on 2024-12-16) | $15.75 |
| Above the all-time low | it is 134.7% above its all-time low | +134.7% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 70th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.32 between its high and its low — about 3.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.32 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $31.26 and $39.92 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $31.26 – $35.59 – $39.92 |
| Typical daily range (% of price) | its price moves about 3.6% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.6% |
| Stretch from the 200-day average | it is trading 4.2 daily ranges above its 200-day average price (17.4% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 4.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.70× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | not available for this company yet | n/a |
Candlestick patterns
1
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|
Price gaps
3
| Gap at the open | it opened on 2026-08-26 2.6% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -2.6% |
|---|---|---|
| Open gap | it gapped 3.8% below the previous close 50 sessions ago and has not traded back through the level it left behind at 40.37 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -3.8% |
| Gap filled | a 2.6% gap down opened on 2026-08-26 has been "filled" today — price traded back through the level the gap left behind, and it closed again during the very session that opened it | today |
Price streaks
1
| Closing streak | it has closed lower 3 sessions in a row, a -2.66% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 3 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 4.4 percentage points (the stock gained 8.1% while the market gained 3.7%) | +4.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock beat the market by 7.0 percentage points (the stock gained 9.1% while the market gained 2.1%) | +7.0% |
| vs market, 6 months | over the past 6 months this stock beat the market by 8.2 percentage points (the stock gained 19.3% while the market gained 11.1%) | +8.2% |
| vs market, 12 months | over the past 12 months this stock beat the market by 62.4 percentage points (the stock gained 81.2% while the market gained 18.7%) | +62.4% |
Signal agreement
2
| Bullish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, MACD momentum is positive, outperforming the market over 6 months, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
|---|---|---|
| Bearish technical signals | 0 of the 9 technical signals we can compute for it are currently in a bearish state — these describe past price behaviour, not a forecast | 0 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 4.3% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-21 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 4.7% of the share price. | +4.3% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 6% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $34.90 — a volume-weighted average of daily closes over 160 sessions, not a true tick-by-tick VWAP. | +5.9% |
|---|---|---|
| Vs the average paid since it last reported | the price is 7% above the average price paid since it last reported on 2026-05-13 (its 10-Q), so the typical buyer over that stretch is showing a gain. That average is $34.48 — a volume-weighted average of daily closes over 71 sessions, not a true tick-by-tick VWAP. | +7.2% |
Price levels it has turned at before
TBN last closed at $36.96 on 2026-08-26. Since 2024-08-26 it has turned at 17 prices below its last close and 1 above; the 3 nearest below and the nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $37.84 | Resistance | 2.4% above the last close | turned there twice · 2026-04-29 to 2026-05-14 |
| $34.47 | Support | 6.8% below the last close | turned there twice · 2025-01-24 to 2026-04-17 |
| $32.86 | Support | 11.1% below the last close | turned there three times · 2026-03-02 to 2026-07-08 |
| $31.02 | Support | 16.1% below the last close | turned there twice · 2026-01-30 to 2026-07-30 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $31.05.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $35.91 and $38.92 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $31.05.
This labelling was already in place when we began recording count changes on 2026-08-12, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-26.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Pulled back from the 12-month high · in a strong, established uptrend (ADX) · beating the market · Trading above the Ichimoku cloud · Most technical signals bullish | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-26. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Mean price target$55.17 range $45.00 – $66.00; median $56.50
Analyst estimates, as of 2026-08-25. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for TBN
- Consensus EPS estimate-$0.15 next reporting period, as of 2026-08-25
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Pre-revenue stage with no material revenue until late 2026 and substantial capital requirements; going concern doubts due to cumulative losses and negative cash flows","No proved reserves and absence of commercial quantities/quality guarantee from drilling activities; fundamental risk if Beetaloo assessments materially inaccurate","Geographic concentration in Beetaloo Basin making operations vulnerable to region-specific risks; pipeline infrastructure requirements contingent on securing additional capacity; native title and heritage disputes could delay approvals"]
What changed in the latest 10-Q
AI-assisted comparison of TBN's 10-Q filed 2026-05-13 against the prior one filed 2026-02-11.
Management's Discussion & Analysis (MD&A)
- Added:
- New Q1 2026 financial data showing nine months ended March 31, 2026 and 2025 comparisons (filed 2026-05-13)
- Reference to PIPE proceeds and interest received on deposits in connection with PIPE in Q1 2026 (filed 2026-05-13)
- Mention of flow test for SS-6H and stimulation programs for SS-3H, SS-4H, and SS-5H in Q1 2026 analysis (filed 2026-05-13)
- Foreign currency translation gain of $15.5 million for three months ended March 31, 2026 (filed 2026-05-13)
- Foreign currency translation gain of $24.0 million for nine months ended March 31, 2026 (filed 2026-05-13)
- Removed:
- Q4 2025 financial data (three months and six months ended December 31, 2025 and 2024) removed in newer filing (filed 2026-02-11)
- Reference to transition to calendar year employee bonus schedule in Q4 2025 context (filed 2026-02-11)
- Reference to newly established field camp in Q4 2025 (filed 2026-02-11)
- Detailed explanation of Checkerboard fee related to DWE payment obligations and stock issuance in Q4 2024 (filed 2026-02-11)
- Reference to Macquarie Bank Limited Facility Agreement and bank guarantee drawdowns in Q4 2025 analysis (filed 2026-02-11)
- Reworded:
- Compensation increases attributed to 'new CEO during the quarter' and 'payout of bonuses during the quarter for the 2025 calendar year' in Q1 2026 (filed 2026-05-13) vs. 'interim CEO' in Q4 2025 (filed 2026-02-11)
- Accretion of asset retirement obligations explanation references 'three wells drilled in Q1' in both periods but applies to different fiscal quarters (filed 2026-05-13 vs. filed 2026-02-11)
- Exploration expense description in Q1 2026 focuses on 'flow test for SS-6H and preparation of stimulation programs' with capitalized costs (filed 2026-05-13) vs. Q4 2025 focus on 'drilling of SS-4H, SS-5H, and SS-6H' (filed 2026-02-11)
- Camp expense recovery narrative: Q1 2026 states 'expenses for the field camp' without 'newly established' descriptor (filed 2026-05-13) vs. Q4 2025 'newly established field camp' (filed 2026-02-11)
- LNG feasibility study expense described as 'de minimis' in Q1 2026 (filed 2026-05-13) vs. '$0.1 million' in Q4 2025 (filed 2026-02-11)
- Notes:
- Newer filing text appears truncated at the 'Consult' line, limiting full comparison of nine-month and six-month results of operations discussions
- Comparison involves different reporting periods (Q1/9M ended March 31 vs. Q4/6M ended December 31), making direct operational comparisons between periods not directly comparable
Risk Factors
- Added:
- Added parenthetical "(as defined below)" after "Falcon Acquisition" in the second sentence of the risk factors introduction (2026-05-13 filing)
- Removed:
- Removed parenthetical reference "(CDIs)" definition that appeared after first mention of CHESS Depository Interests in older filing; changed to use "CDIs" with full term defined earlier (2026-02-11 filing contained 'risks related to our common stock and CDIs' with parenthetical '(CHESS Depository Interests ("CDIs"))', newer version removed the parenthetical and uses 'CHESS Depository Interests ("CDIs")' as the definition)
- Reworded:
- Changed 'Falcon (as defined below) are expected to incur' to 'Falcon (as defined below) are expected to incur' - No material change in this phrase
- Changed 'the this report' to proper grammar; however, examining the texts, both contain 'in the this report' in the older version and the newer version also appears to contain similar text - text appears consistent between both versions on this point
- In the definition of CHESS Depository Interests, the newer filing includes the full parenthetical definition '("CDIs")' after first use, whereas the older filing also does the same - both versions appear substantially identical in this regard
- Notes:
- The text comparison is limited to the excerpted portions provided; the full Risk Factors section (which extends to page 46 based on table of contents) is not included in either version, so changes within the detailed risk factor discussions themselves cannot be assessed.
- Both versions appear to be substantially similar in the forward-looking statements cautionary note and introductory material shown; substantive Risk Factors content differences, if any, would be in the full text not provided in these excerpts.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
- Last 180 days2 buys ($621639) · 0 sells — 2 buying insiders
Most recent open-market transaction: 2026-04-13. As of 2026-08-27.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about TBN's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
2 institutional 13F filers reported holding TBN as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 2
- Reported shares held 147,781
- Reported value $7,387,572
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 0 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
TBN had 1,064,793 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
TBN had 3.76% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 7.3 days to cover at the same settlement.
- Reported short interest (shares) 1,064,793
- Short interest (% of shares outstanding) 3.76%
- Prior settlement (shares) 931,512
- Reported change 14.31%
- Days to cover (reported) 7.3
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Santos (ASX: STO)
- Woodside Petroleum (ASX: WPL)
- Origin Energy (ASX: ORG)
- Beach Energy (ASX: BPT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Frequently asked questions
What does Tamboran Resources Corp (TBN) do?
Tamboran Resources is an early-stage oil and gas exploration and development company focused on unconventional natural gas development in the Beetaloo Basin in Australia's Northern Territory. The company is pursuing a strategy to deliver natural gas to the Australian East Coast and select Asian markets through the construction of additional pipeline infrastructure.
What sector is Tamboran Resources Corp (TBN) in?
Tamboran Resources Corp (TBN) is classified in the Energy sector. Its industry is Unconventional natural gas exploration and development. It trades on NYSE.
Who are Tamboran Resources Corp's (TBN) competitors?
Notable peers of Tamboran Resources Corp (TBN) include Santos (ASX: STO), Woodside Petroleum (ASX: WPL), Origin Energy (ASX: ORG) and Beach Energy (ASX: BPT). This peer set is informational only — not financial advice.
Is Tamboran Resources Corp (TBN) overbought or oversold right now?
Tamboran Resources Corp (TBN) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 60, in the neutral middle (as of 2026-08-26). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on TBN come from?
Fundamentals and prices come from market data, as of 2026-08-26; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-26. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-26.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.