EON Resources’ (EONR) Buy Rating Reiterated at D. Boral Capital

D. Boral Capital reiterated their buy rating on shares of EON Resources (NYSEAMERICAN:EONR) in a report issued on Wednesday,Benzinga reports. The firm currently has a $2.00 price target on the stock.

EON Resources Stock Down 5.8%

EON Resources stock opened at $0.49 on Wednesday. The business’s 50 day moving average price is $0.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.17 and a current ratio of 0.17. EON Resources has a 1-year low of $0.34 and a 1-year high of $2.92.

Hedge Funds Weigh In On EON Resources

An institutional investor recently bought a new position in EON Resources stock. XTX Topco Ltd bought a new stake in shares of EON Resources Inc. (NYSEAMERICAN:EONR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 64,098 shares of the company’s stock, valued at approximately $31,000. 33.51% of the stock is currently owned by institutional investors and hedge funds.

About EON Resources

EON Resources Inc, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and production of oil and natural gas properties in the Permian Basin. It holds a 100% working interest in the property that consists of 343 wells producing oil and gas, as well as 207 injection wells covering an area of approximately 13,700 contiguous acres.