Fintel reports that Roth Capital initiated coverage of Tamboran Resources (NYSE:TBN) with a Buy recommendation on May 21, 2026. The average one-year price target for the company is $59.57 per share, suggesting a potential upside of 65.74% from its latest closing price of $35.94.
Projected annual revenue for Tamboran Resources is expected to reach $4 million, representing an increase of 11,310.70%. Institutional ownership has risen, with 59 funds reporting positions in the company, an increase of 5.36% in the last quarter. Total shares owned by institutions have grown by 0.41% to 8.6 million shares. Notably, HITE Hedge Asset Management increased its holdings by 1.91%, while Gilder Gagnon Howe & Co enhanced its portfolio allocation by 120.86%.
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