EON Resources (NYSEAMERICAN:EONR – Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The firm had revenue of $6.49 million for the quarter. EON Resources had a negative net margin of 108.97% and a negative return on equity of 29.31%.
EON Resources Trading Up 7.9%
Shares of EON Resources stock traded up $0.03 on Friday, hitting $0.45. The stock had a trading volume of 1,572,747 shares, compared to its average volume of 522,154. The stock has a 50 day moving average of $0.51 and a 200 day moving average of $0.57. The firm has a market capitalization of $24.87 million, a P/E ratio of -1.09 and a beta of -1.42. EON Resources has a twelve month low of $0.34 and a twelve month high of $1.58. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.14 and a current ratio of 0.14.
Hedge Funds Weigh In On EON Resources
An institutional investor recently bought a new position in EON Resources stock. Renaissance Technologies LLC purchased a new stake in shares of EON Resources Inc. (NYSEAMERICAN:EONR – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 52,100 shares of the company’s stock, valued at approximately $43,000. Renaissance Technologies LLC owned about 0.10% of EON Resources as of its most recent filing with the Securities & Exchange Commission. 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.
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