EON Resources (NYSEAMERICAN:EONR) Stock Price Up 1.4% – Time to Buy?

by · The Cerbat Gem

EON Resources Inc. (NYSEAMERICAN:EONR – Get Free Report) rose 1.4% on Thursday. The stock traded as high as $0.4850 and last traded at $0.4850. 421,397 shares changed hands during trading, a decline of 38% from the average session volume of 675,371 shares. The stock had previously closed at $0.4785.

EON Resources Trading Down 1.7%

The stock’s 50-day moving average price is $0.52 and its 200-day moving average price is $0.60. The company has a market cap of $26.61 million, a P/E ratio of -1.04 and a beta of -1.42.

EON Resources (NYSEAMERICAN:EONR – Get Free Report) last issued its earnings results on Monday, September 28th. The company reported ($0.28) EPS for the quarter. The company had revenue of $3.42 million during the quarter.

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 – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm 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 SEC filing. Institutional investors and hedge funds own 33.51% of the company’s stock.

About EON Resources

(Get Free Report)

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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