EON Resources (NYSEAMERICAN:EONR) Posts Earnings Results

EON Resources (NYSEAMERICAN:EONR) posted its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. EON Resources had a negative return on equity of 29.31% and a negative net margin of 108.97%. The company had revenue of $6.49 million during the quarter.

EON Resources Trading Down 1.0%

NYSEAMERICAN EONR traded down $0.00 during mid-day trading on Thursday, reaching $0.41. 740,606 shares of the stock were exchanged, compared to its average volume of 9,546,148. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $23.06 million, a P/E ratio of -0.90 and a beta of -1.42. The stock has a 50 day simple moving average of $0.51 and a 200-day simple moving average of $0.57. EON Resources has a one year low of $0.34 and a one year high of $1.58.

Institutional Investors Weigh In On EON Resources

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

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.