EON Resources’ (EONR) “Buy” Rating Reiterated at D. Boral Capital

EON Resources (NYSEAMERICAN:EONR)‘s stock had its “buy” rating reiterated by equities researchers at D. Boral Capital in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $2.00 price target on the stock. D. Boral Capital’s price objective suggests a potential upside of 265.23% from the stock’s current price.

EON Resources Price Performance

Shares of EONR stock opened at $0.55 on Wednesday. EON Resources has a 1 year low of $0.34 and a 1 year high of $2.92. The company’s fifty day simple moving average is $0.44. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.04.

Hedge Funds Weigh In On EON Resources

A hedge fund recently bought a new stake in EON Resources stock. XTX Topco Ltd bought a new position in shares of EON Resources Inc. (NYSEAMERICAN:EONR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 64,098 shares of the company’s stock, valued at approximately $31,000. 33.51% of the stock is owned by institutional investors.

EON Resources Company Profile

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.