Why These Energy Stocks Are Losing This Week

7. EON Resources Inc. (NYSEAMERICAN:EONR)

Share Price Decline Between Apr. 8 and Apr. 15: 9.3%

EON Resources Inc. (NYSEAMERICAN:EONR) is an upstream energy company focused on oil and gas properties in the Permian basin.

The recent decline in the share price EON Resources Inc. (NYSEAMERICAN:EONR) could be a result of profit-taking by investors. EONR had previously surged following the announcement that the company had contractually hedged approximately 70% of its oil production, receiving between $70.1 to $70.5 per barrel. The hedges are established and fixed in volume and price for the next nine months, granting EON Resources a significant competitive advantage during the current market volatility.