EON Resources (NYSEAMERICAN:EONR) Issues Quarterly Earnings Results

EON Resources (NYSEAMERICAN:EONR) issued its earnings results on Monday. The company reported ($0.28) earnings per share for the quarter, FiscalAI reports. The business had revenue of $3.42 million for the quarter.

EON Resources Stock Down 4.9%

Shares of NYSEAMERICAN:EONR opened at $0.49 on Wednesday. EON Resources has a fifty-two week low of $0.34 and a fifty-two week high of $1.58. The firm has a 50-day simple moving average of $0.52 and a 200 day simple moving average of $0.64.

Hedge Funds Weigh In On EON Resources

A hedge fund recently raised its stake in EON Resources stock. Prairiewood Capital LLC grew its stake in shares of EON Resources Inc. (NYSEAMERICAN:EONR) by 52.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,000 shares of the company’s stock after purchasing an additional 21,000 shares during the quarter. Prairiewood Capital LLC owned approximately 0.12% of EON Resources worth $51,000 as of its most recent SEC filing. 33.51% of the stock is owned by institutional investors.

About EON Resources

EON Resources, Inc is an independent oil and natural gas company engaged in the acquisition, development, exploration and production of hydrocarbon properties. The company focuses primarily on producing crude oil, natural gas and natural gas liquids from conventional and unconventional assets.

EON Resources’ operations are centered in the Permian Basin, one of the largest oil-producing regions in the United States. Its activities include managing producing wells, developing existing reserves and pursuing additional acquisition opportunities intended to expand its operated asset base.

The company serves the U.S.