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

Core Viewpoint - Tamboran Resources Corporation (NYSE:TBN) has shown significant stock price appreciation and positive analyst coverage, indicating strong potential for growth in the natural gas sector in Australia [1][2]. Group 1: Stock Performance - The share price of Tamboran Resources surged by 9.96% between November 28 and December 5, 2025, ranking it among the top-performing energy stocks for that week [1]. - Wells Fargo initiated coverage of Tamboran Resources with an 'Overweight' rating and a price target of $35, suggesting an upside potential of nearly 34% [2]. Group 2: Development Strategy - The company's outlook is supported by a three-phase development plan aimed at enhancing local energy security in the Northern Territory, addressing gas market shortfalls on Australia's East Coast, and facilitating energy transition through LNG exports to Asia Pacific partners [3]. - Tamboran Resources is positioned as an international shale gas exploration and production company, actively operating in the Beetaloo Basin, controlling 2.9 million net acres [4].