D. Boral Capital analyst Jesse Sobelson has revised the price target for EON Resources (EONR, Financial) from $4.50 to $2, while retaining a Buy rating on the stock. This adjustment follows the company's first-quarter report and reflects a lowered forecast and declining industry multiples. Despite this, the production levels are expected to remain steady until pending deals are finalized, as noted in the research report provided to investors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for EON Resources Inc (EONR, Financial) is $6.00 with a high estimate of $6.00 and a low estimate of $6.00. The average target implies an upside of 1,546.99% from the current price of $0.36. More detailed estimate data can be found on the EON Resources Inc (EONR) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, EON Resources Inc's (EONR, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
