EON Resources (NYSEAMERICAN:EONR) Announces Earnings Results

EON Resources (NYSEAMERICAN:EONR) released its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, FiscalAI reports. The business had revenue of $0.97 million during the quarter.

EON Resources Stock Up 1.9%

Shares of EONR opened at $0.47 on Wednesday. EON Resources has a twelve month low of $0.34 and a twelve month high of $1.58. The company has a 50 day moving average of $0.51 and a 200-day moving average of $0.59.

Institutional Trading of EON Resources

An institutional investor recently bought a new position in EON Resources stock. Renaissance Technologies LLC bought a new stake in EON Resources Inc. (NYSEAMERICAN:EONR) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 52,100 shares of the company’s stock, valued at approximately $43,000. Renaissance Technologies LLC owned approximately 0.10% of EON Resources at the end of the most recent quarter. 33.51% of the stock is currently owned by hedge funds and other institutional investors.

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.