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The latest announcement is out from EON Resources ( (EONR) ).
EON Resources Inc. recently acquired the South Justis Field in the Permian Basin, Lea County, New Mexico, on June 20, 2025. This acquisition, paid for with 1.0 million shares of Class A Common Stock, is expected to generate an estimated $1.2 million in net annual cash flow with minimal impact on the company’s general and administrative costs. The field, similar to EON’s LHO operations, spans 5,360 acres with 208 wells, and plans include reactivating 30 additional wells to boost production. This strategic move increases EON’s oil reserves by 20%, acreage by 33%, and production by 10%, highlighting the company’s growth potential and operational expansion in the region.
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. operates in the energy sector, focusing on oil production and exploration. The company is involved in acquiring and developing oil fields, with a significant presence in the Permian Basin, known for its prolific oil reserves.
Average Trading Volume: 5,255,114
Technical Sentiment Signal: Sell
Current Market Cap: $8M
For a thorough assessment of EONR stock, go to TipRanks’ Stock Analysis page.