Ingalls & Snyder LLC Purchases New Shares in Tamboran Resources Corp (NYSE:TBN)

Ingalls & Snyder LLC acquired a new stake in shares of Tamboran Resources Corp (NYSE:TBN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 63,335 shares of the company’s stock, valued at approximately $1,287,000. Ingalls & Snyder LLC owned approximately 0.45% of Tamboran Resources at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Atom Investors LP bought a new position in shares of Tamboran Resources during the third quarter valued at about $351,000. The Manufacturers Life Insurance Company bought a new position in shares of Tamboran Resources during the 3rd quarter worth approximately $1,930,000. Edge Capital Group LLC bought a new position in shares of Tamboran Resources during the 2nd quarter worth approximately $4,687,000. Encompass Capital Advisors LLC purchased a new position in shares of Tamboran Resources in the 2nd quarter worth approximately $4,687,000. Finally, HITE Hedge Asset Management LLC bought a new position in shares of Tamboran Resources in the second quarter valued at approximately $6,750,000.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $31.00 price objective on shares of Tamboran Resources in a research report on Tuesday, November 19th.

Tamboran Resources Stock Up 0.7 %

NYSE:TBN opened at $17.38 on Wednesday. Tamboran Resources Corp has a 12 month low of $16.47 and a 12 month high of $25.99. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $18.86.

About Tamboran Resources

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.