We recently published a list of 15 Cheapest Stocks Insiders Are Buying In March. In this article, we are going to take a look at where EON Resources Inc. (NYSEAMERICAN:EONR) stands against other cheapest stocks insiders are buying in March.
After solid gains Monday, the broader market index and blue chip companies traded flat Tuesday, while the NASDAQ Composite rose 0.2%. Monday’s enthusiasm came from hopes of looser U.S. tariffs.
Investors mostly ignored the March consumer confidence data released on Tuesday, which showed a sharp decline in U.S. consumers’ short-term outlook on income, business, and job conditions, reports CNBC.
“Sentiment continues to wane among investors, consumers and businesses as economic concerns and economic policy uncertainty takes its toll,” said Bret Kenwell, U.S. investment analyst at eToro. “Until there’s more certainty on the tariff and macro front, sentiment and confidence remain vulnerable.”
As investors navigate daily market changes, uncertainty remains a persistent factor. Insider trading tends to attract attention during these periods, as purchases of company stock by executives may suggest optimism about the company’s future. However, insider selling doesn’t necessarily signal a lack of confidence—it could simply be for personal financial reasons or to diversify holdings. Many executives use pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it’s important to evaluate it alongside a company’s financial stability, broader market trends, and industry dynamics.
What are some of the cheapest stocks insiders have been buying this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least two insiders had purchased shares in March. From there, we ranked the 10 stocks with the lowest average price per share.
Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
With each stock, we note the average price per share of these purchases and the stock’s market capitalization.
A row of massive oil rigs in a desert landscape, against a setting sun.
EON Resources Inc. (NYSEAMERICAN:EONR)
Market Capitalization: $7.54 million
EON Resources Inc. is an independent oil and natural gas company focused on the acquisition, development, and production of properties in the Permian Basin. The Houston, Texas-based company holds a 100% working interest in 343 wells and 207 injection wells across 13,700 acres.
In recent developments, EON Resources signed a non-binding Letter of Intent (LOI) with Enstream Capital Management for a $52.8 million revenue-sharing and volumetric funding arrangement (VMA), expected to close by June 2025. The VMA capital will be used to settle the Seller consideration, pay off a reserve-based loan, and fund workovers on 45 wells. This agreement improves cash flow by $250,000 per month, reduces debt by $40 million, avoids stock dilution, and shields the company from oil price risk, all while retaining the option to buy back the ORRI at a minimal cost.
This month, two insiders, including the CFO, acquired approximately $87,419 worth of EON Resources shares at an average price of $0.53 per share. Year-to-date, the stock is down 28.67%, trading at $0.58 per share. Over the past 12 months, its shares have declined 78.50%.
According to StockAnalysis, one analyst rates EON Resources stock as a “Strong Buy” with a 12-month stock price target of $4.50.
Overall, EONR ranks 4th on our list of cheapest stocks insiders are buying in March. While we acknowledge the potential of EONR our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EONR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
