Tamboran Resources (TBN) Initiated by Analyst with a $35 Price Target

The share price of Tamboran Resources Corporation (NYSE:TBN) surged by 9.96% between November 28 and December 5, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Tamboran Resources Corporation (NYSE:TBN) is a natural gas company focused on developing unconventional gas resources in the Northern Territory of Australia.

Tamboran Resources Corporation (NYSE:TBN) received a lift on December 2 when Wells Fargo initiated coverage of the stock with an ‘Overweight’ rating and a price target of $35, representing a robust upside potential of almost 34% as of the writing of this article.

According to the analyst, the outlook is driven by the build-up of Tamboran’s three-phase development plan, which focuses first on meeting local Northern Territory energy security, then on meeting shortfalls on Australia’s East Coast gas market, and lastly, on supporting the energy transition with trading partners in the Asia Pacific through the export of liquified natural gas (LNG).

The analyst also highlighted the strength of Tamboran Resources Corporation (NYSE:TBN) as an international shale gas E&P active in the undeveloped Beetaloo Basin in Australia, where it controls 2.9 million net acres.

READ NEXT: 10 Best Renewable Energy Dividend Stocks to Buy Now and 14 Best Utility Dividend Stocks to Buy Now.

Disclosure: None.