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EON Resources Inc (EONR:EONR) Chief Executive Officer Dante Caravaggio reported purchasing 3,000 shares of Class A Common Stock on June 27, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were bought at $0.3482, totaling $1,044, near the stock’s 52-week low of $0.34. The purchase comes as the company faces significant challenges, with InvestingPro data showing the stock has declined nearly 87% over the past year amid mounting debt concerns.
Following the transaction, Caravaggio directly owns 564,440 shares of EON Resources Inc. The company currently operates with a debt-to-equity ratio of 3.75 and reported negative earnings of $0.68 per share in the last twelve months. InvestingPro subscribers can access 12 additional key insights about EONR’s financial health and detailed insider trading analysis in the Pro Research Report.
In other recent news, EON Resources Inc. reported its Q1 2025 earnings, revealing an earnings per share (EPS) of -0.11, which exceeded the forecasted -0.15. However, the company’s revenue fell significantly short of expectations, coming in at 4.56 million dollars compared to the anticipated 8.12 million dollars. The company has been focusing on cost reduction and operational efficiency, with notable decreases in lease operating expenses and interest costs. EON Resources remains optimistic about its future, with plans to reduce debt and close a financing deal by mid-2025. The company is preparing for drilling activities in Q4 2025 and aims to initiate a multi-well drilling program in Q1 2026. Analysts have shown interest in the company’s hedging strategy, which covers 70% of production at approximately 70 dollars per barrel. EON Resources continues to explore low-cost acquisition opportunities and is targeting a long-term oil price of 70 dollars per barrel. The company has also made progress in securing drilling partners and has received approval for 45 workovers, which are expected to enhance production.
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