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The latest update is out from EON Resources ( (EONR) ).
On June 20, 2025, EON Resources Inc. announced that its subsidiary, EON Energy, LLC, has entered into a Purchase and Sale Agreement to acquire a 94% working interest in the South Justis Field in the Permian Basin, New Mexico. The acquisition, involving the exchange of 1.0 million Class A common shares, is expected to be accretive with an estimated $1.2 million in net annual cash flow. The South Justis Field, with 207 million barrels of original oil in place, currently produces 108 barrels of oil per day from 19 active wells. EON Energy plans to enhance production by returning idle wells to service and employing well stimulation techniques, aiming to double or triple production within a year. The acquisition positions EON Resources to leverage efficiencies of scale with its nearby Grayburg-Jackson Field and develop significant recoverable reserves.
The most recent analyst rating on (EONR) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on EON Resources stock, see the EONR Stock Forecast page.
More about EON Resources
EON Resources Inc. is an independent upstream energy company focused on the development of onshore oil and natural gas properties in the United States. The company aims to maximize shareholder value through a diversified portfolio of long-life oil and natural gas properties, acquired and enhanced through selective development and production efforts.
Average Trading Volume: 4,789,841
Technical Sentiment Signal: Sell
Current Market Cap: $9.56M
For a thorough assessment of EONR stock, go to TipRanks’ Stock Analysis page.