Key Points
- CFO Mitchell Trotter purchased 25,000 shares of EON Resources on Nov. 24 at $0.43 each for $10,750, raising his direct stake to 299,398 shares (a 9.11% increase); he previously bought 120,000 shares on Sept. 15 at $0.36.
- EONR opened at $0.43 (down 4.6%), trading within a 52‑week range of $0.27–$1.90 with 33.51% institutional ownership, and carries a market consensus "Buy" rating with a $2.00 price target.
EON Resources Inc. (NYSEAMERICAN:EONR - Get Free Report) CFO Mitchell Trotter purchased 25,000 shares of EON Resources stock in a transaction dated Monday, November 24th. The stock was bought at an average cost of $0.43 per share, for a total transaction of $10,750.00. Following the completion of the purchase, the chief financial officer directly owned 299,398 shares in the company, valued at approximately $128,741.14. This trade represents a 9.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Mitchell Trotter also recently made the following trade(s):
- On Monday, September 15th, Mitchell Trotter purchased 120,000 shares of EON Resources stock. The shares were purchased at an average price of $0.36 per share, for a total transaction of $43,200.00.
EON Resources Stock Down 4.6%
EONR opened at $0.43 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.35 and a current ratio of 0.35. EON Resources Inc. has a 52 week low of $0.27 and a 52 week high of $1.90. The business has a fifty day simple moving average of $0.49 and a 200-day simple moving average of $0.42.
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 EON Resources Inc. (NYSEAMERICAN:EONR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & 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 hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, D. Boral Capital restated a "buy" rating and issued a $2.00 price objective on shares of EON Resources in a report on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $2.00.
Check Out Our Latest Research Report on EONR
About EON Resources
(
Get Free Report)
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.
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