EON Resources (NYSEAMERICAN:EONR) Issues Quarterly Earnings Results

EON Resources (NYSEAMERICAN:EONR) announced its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.97 million for the quarter.

EON Resources Trading Up 1.2%

Shares of EONR opened at $0.47 on Tuesday. The stock has a market capitalization of $26.32 million, a PE ratio of -1.02 and a beta of -1.42. EON Resources has a 12 month low of $0.34 and a 12 month high of $1.58. The firm’s 50 day moving average is $0.52 and its 200-day moving average is $0.60.

Institutional Investors Weigh In On EON Resources

An institutional investor recently raised its position in EON Resources stock. Prairiewood Capital LLC grew its holdings in shares of EON Resources Inc. (NYSEAMERICAN:EONR) by 52.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 61,000 shares of the company’s stock after acquiring an additional 21,000 shares during the period. Prairiewood Capital LLC owned about 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 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.