Joel Riddle - Tamboran Resources MD CEO
| TBN Stock | 17.25 1.33 7.16% |
CEO
Joel Riddle is MD CEO of Tamboran Resources
| Age | 50 |
| Address | Tower One, International Towers, Sydney, NSW, Australia, 2000 |
| Phone | 61 2 8330 6626 |
| Web | https://www.tamboran.com |
Tamboran Resources Management Efficiency
The company has Return on Asset of (0.0425) % which means that on every $100 spent on assets, it lost $0.0425. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.1364) %, meaning that it generated no profit with money invested by stockholders. Tamboran Resources' management efficiency ratios could be used to measure how well Tamboran Resources manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of November 2024, Return On Tangible Assets is likely to drop to -0.1. In addition to that, Return On Capital Employed is likely to drop to -0.1. At this time, Tamboran Resources' Total Assets are very stable compared to the past year. As of the 25th of November 2024, Non Current Assets Total is likely to grow to about 274.4 M, while Other Assets are likely to drop 0.80.Similar Executives
Tamboran Resources (TBN) is traded on New York Stock Exchange in USA. It is located in Tower One, International Towers, Sydney, NSW, Australia, 2000 and employs 39 people. Tamboran Resources is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification.Management Performance
| Return On Equity | -0.14 | ||||
| Return On Asset | -0.0425 |
Tamboran Resources Leadership Team
Elected by the shareholders, the Tamboran Resources' board of directors comprises two types of representatives: Tamboran Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tamboran. The board's role is to monitor Tamboran Resources' management team and ensure that shareholders' interests are well served. Tamboran Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tamboran Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eric Dyer, Chief Officer | ||
| Rohan Vardaro, Company Secretary | ||
| Michael Irving, Executive Infrastructure | ||
| Faron Thibodeaux, Chief Officer | ||
| Joel Riddle, MD CEO | ||
| Chris Morbey, Vice Relations | ||
| Mike Flynn, Executive Marketing |
Tamboran Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Tamboran Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.14 | ||||
| Return On Asset | -0.0425 | ||||
| Current Valuation | 275.24 M | ||||
| Shares Outstanding | 2.06 B | ||||
| Shares Owned By Insiders | 18.33 % | ||||
| Shares Owned By Institutions | 12.90 % | ||||
| Number Of Shares Shorted | 14.75 K | ||||
| Price To Book | 271.03 X | ||||
| EBITDA | (22.84 M) | ||||
| Net Income | (23.85 M) |
Pair Trading with Tamboran Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tamboran Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tamboran Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Tamboran Stock
| 0.58 | DMLP | Dorchester Minerals | PairCorr |
| 0.45 | VIST | Vista Oil Gas Buyout Trend | PairCorr |
| 0.37 | EPSN | Epsilon Energy | PairCorr |
The ability to find closely correlated positions to Tamboran Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tamboran Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tamboran Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tamboran Resources to buy it.
The correlation of Tamboran Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tamboran Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamboran Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tamboran Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tamboran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Is Oil, Gas & Consumable Fuels space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tamboran Resources. If investors know Tamboran will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tamboran Resources listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.02) | Return On Assets (0.04) | Return On Equity (0.14) |
The market value of Tamboran Resources is measured differently than its book value, which is the value of Tamboran that is recorded on the company's balance sheet. Investors also form their own opinion of Tamboran Resources' value that differs from its market value or its book value, called intrinsic value, which is Tamboran Resources' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tamboran Resources' market value can be influenced by many factors that don't directly affect Tamboran Resources' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tamboran Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tamboran Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tamboran Resources' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.