EON Resources (NYSEAMERICAN:EONR – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $6.49 million during the quarter. EON Resources had a negative return on equity of 29.31% and a negative net margin of 108.97%.
EON Resources Trading Down 1.0%
EON Resources stock opened at $0.41 on Friday. EON Resources has a 1-year low of $0.34 and a 1-year high of $1.58. The business has a fifty day moving average price of $0.51 and a 200-day moving average price of $0.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.14 and a quick ratio of 0.14.
Institutional Investors Weigh In On EON Resources
An institutional investor recently bought a new position 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 13F filing with the Securities & Exchange Commission. The fund 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. 33.51% of the stock is owned by institutional investors.
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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