Tamboran Loses Now, But Analysts Bet Big on Beetaloo Basin

Forward-Looking Analysis

Five Wall Street analysts project a 70.18% upside for Tamboran Resources (TBN), with an average 12-month price target of $34.75 (ranging from $30.00 to $41.00). The stock carries a consensus "Buy" rating, including one "Strong Buy" and three "Buy" ratings. Analysts at Northland Securities and Piper Sandler upgraded TBN in 2025, citing its natural gas development potential in Australia’s Beetaloo Basin. Despite Q1 2026 losses, analysts highlight long-term catalysts like project commercialization and energy demand growth. No recent downgrades have been reported, and TBN’s consensus rating outperforms the "energy" sector average of "Moderate Buy".

Historical Performance Review

Tamboran Resources reported Q1 2026 revenue of $0.00 and a net loss of $9.06 million, or -$0.47 per share. Gross profit also hit $0.00, reflecting operational challenges. The company’s P/E ratio of -11.67 underscores its unprofitability, though analysts remain bullish on future production scaling and cost recovery.

Additional News

TBN’s operations focus on natural gas exploration in Australia’s Beetaloo Basin, with CEO Todd Abbott emphasizing commercial development. Recent analyst activity includes a July 2025 RBC downgrade of its price target to $30.00 and a May 2025 Northland Securities initiation of coverage with a $36.00 target. The stock’s 52-week range ($17.29–$31.90) reflects volatility, but analysts cite its strategic position in energy transition markets as a key differentiator.

Summary & Outlook

Tamboran Resources faces near-term financial headwinds, with Q1 losses and negative EPS. However, analyst optimism centers on long-term growth from Beetaloo Basin projects and energy demand tailwinds. The 70% projected upside suggests confidence in operational turnaround and cost management. While Q2 results may remain challenging, TBN’s strategic focus and analyst support position it as a high-risk, high-reward play for investors betting on energy sector recovery.