ROARABLE // PRO
GLOBAL DESKS // NYC --:--:-- NYSE
US TAPE
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TBN // Tamboran Resources Corporation

DES <GO> NYSE RQD COCKPIT → CIK 0001997652 ↗
Energy • Oil & Gas Production
$31.33 ▼ -0.36 (-1.14%)
MKT CAP: $1.10B • VOL: 181.7K
TBN // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE
PRIOR: RQD 45/100 [D] (+0 PT) • UNCHANGED
ROARABLE D
RQD CONFIDENCE
45 / 100 +0D
5 X 20-PT QUANT PILLARS
E 0 D 35 C 59 B 70 A 86+
Roarable Sell — Underperform / Distribution Warning
01 MASSIVE / SEC XBRL
Forensic Fundamentals
6 / 20
CRITICAL
FCF -120% vs NI -68.4% • ROIC-WACC -19.9% • Z 5.45
02 INSTITUTIONAL TAPE & TREND
Whale & Options Flow
9 / 20
WARNING
52W RANGE 70% • VS 200D +4.5% • RSI 51.7
03 SEC XBRL CAPITAL ALLOCATION
Insider & Capital Conviction
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
04 FRED 90D r-MATRIX
Macro Regime Fit
14 / 20
SOLID
TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00
05 10-K REDLINE AUDIT
Forensic 10-K Risk
[LOCKED] FLAGGED
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ALERT

Why did TBN's Insider & Capital Conviction & Forensic 10-K Risk sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever TBN is Upgraded or Downgraded.

TBN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -13.21%📐 HORIZONTAL RANGE
2026-10-30O $30.78H $31.47L $30.54C $31.33VOL 283.9K
RES: $43.14SUP: $27.00SMA50: $35.20SMA200: $33.92
$42.99$38.63$34.27$29.91$25.55RES $43.14SUP $27.00$31.332026-04-302026-06-152026-07-312026-09-162026-10-30
TBN // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE
UNDERWEIGHT CONVICTION: 36/100
BEAR 0
100 BULL

Tamboran Resources Corporation (TBN) exhibits 45.0% gross margins and -10.1% return on invested capital within Energy (Oil & Gas Production), balanced against a 24.0x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)
01. Operating Leverage & Capital Efficiency Moat

Sustained 45.0% gross profitability converts into — operating margin and -10.1% ROIC, outpacing sector cost of capital.

ROIC: -10.1% // GM: 45.0%
02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of — paired with -2.71% free cash flow yield supports self-funded R&D and capital return.

REV YOY: — // FCF YLD: -2.71%
03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 5.45 and Piotroski F-Score of 3/9 indicate low near-term refinancing stress.

ALTMAN Z: 5.45 // F-SCORE: 3/9
▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)
01. Multiple Compression & Duration Sensitivity

Trading at 24.0x trailing P/E (— Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 24.0x // EV/EBITDA: —
02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $31.33 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85
03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Oil & Gas Production require continuous execution to defend — net margins.

NET MARGIN: — // D/E: 0.09x
KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs — forward consensus, and institutional 13F positioning.
MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).
FORM 4 & 13F FLOW OPEN OWN <GO>
FILER SIDE $ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>
UNUSUAL OPTIONS TAPE OPEN OPT <GO>
STRIKE / EXP TYPE PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>
KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>
TRAILING P/E —
FORWARD P/E —
EV / EBITDA —
FCF YIELD -2.71%
GROSS MARGIN —
OPERATING MARGIN —
NET MARGIN —
ROIC % -10.1%
REV GROWTH YOY —
DILUTED EPS TTM —
DEBT / EQUITY 0.09x
DIVIDEND YIELD 0.00%
RSI-14 MOMENTUM 43.1
5Y EQUITY BETA —
FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>
MACRO CORRELATION CALIBRATION ACTIVE BELOW.
FRED MACRO REGIME STRESS-TEST SIMULATOR // TBNPEARSON R VARIANCE ENGINE
01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO
02 // POSITION NOTIONAL EXPOSURE
HEADLINE STRESS SCORE
75/100SEVERE DRAWDOWN PRESSURE
PRIMARY FACTOR EXPOSURE
DFII10 // -0.61 r
Latest: 2.08%
EST. DIRECTIONAL MOVE
-8.50%
Implied Px: $28.67
EST. DOLLAR VARIANCE
-$4,248
On $50,000 Notional
[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

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HEAD-TO-HEAD PEER COMPARISONS COMP <GO>