EON Resources (NYSEAMERICAN:EONR) Releases Earnings Results

EON Resources (NYSEAMERICAN:EONR) released its quarterly earnings data on Monday, September 28th. The company reported ($0.22) earnings per share (EPS) for the quarter, reports. The business had revenue of $3.42 million during the quarter.

EON Resources Stock Down 2.2%

NYSEAMERICAN:EONR opened at $0.47 on Tuesday. The firm has a market cap of $26.02 million, a PE ratio of -1.01 and a beta of -1.42. The company’s 50-day moving average price is $0.52 and its two-hundred day moving average price is $0.60. EON Resources has a 12 month low of $0.34 and a 12 month high of $1.58.

Institutional Investors Weigh In On EON Resources

A hedge fund recently raised its position in EON Resources stock. Prairiewood Capital LLC lifted its stake in EON Resources Inc. (NYSEAMERICAN:EONR) by 52.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,000 shares of the company’s stock after purchasing an additional 21,000 shares during the period. Prairiewood Capital LLC owned 0.12% of EON Resources worth $51,000 at the end of the most recent quarter. 33.51% of the stock is owned by institutional investors and hedge funds.

EON Resources Company Profile

EON Resources Inc (NYSE American: EONR) is an independent oil and natural gas company focused on the acquisition, development and operation of hydrocarbon-producing properties.

The company’s activities include the exploration and production of crude oil, natural gas and related hydrocarbon products. EON Resources focuses primarily on assets in the Permian Basin, one of the United States’ major oil- and natural-gas-producing regions.

Its business is centered on managing and developing producing properties and seeking opportunities to expand its resource base through additional acquisitions and development activities.