EON Resources (NYSEAMERICAN:EONR) Issues Quarterly Earnings Results
by Kim Johansen · The Markets DailyEON Resources (NYSEAMERICAN:EONR – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $0.97 million during the quarter.
EON Resources Price Performance
Shares of NYSEAMERICAN:EONR opened at $0.46 on Thursday. EON Resources has a 1-year low of $0.34 and a 1-year high of $1.58. The business’s 50 day moving average is $0.51 and its 200-day moving average is $0.59.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in EON Resources stock. Renaissance Technologies LLC purchased a new position in shares of EON Resources Inc. (NYSEAMERICAN:EONR – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,100 shares of the company’s stock, valued at approximately $43,000. Renaissance Technologies LLC owned approximately 0.10% of EON Resources at the end of the most recent reporting period. 33.51% of the stock is currently owned by institutional investors.
About EON Resources
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.