EagleRock Land (NYSE:EROK) Raised to “Strong-Buy” at Texas Capital

EagleRock Land (NYSE:EROK) was upgraded by investment analysts at Texas Capital to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Wall Street Zen raised shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Piper Sandler assumed coverage on shares of EagleRock Land in a report on Monday. They issued an “overweight” rating and a $28.00 price target on the stock. Stephens initiated coverage on shares of EagleRock Land in a report on Monday. They issued an “overweight” rating and a $28.00 price target on the stock. Raymond James Financial initiated coverage on shares of EagleRock Land in a research note on Monday. They set an “outperform” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of EagleRock Land in a research note on Monday. They set an “overweight” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $25.83.

EagleRock Land Trading Down 0.6%

NYSE EROK opened at $20.98 on Monday. EagleRock Land has a 12-month low of $20.55 and a 12-month high of $24.80.

Insider Activity at EagleRock Land

In related news, Director Jeff Slaughter Lott acquired 250,000 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $18.50 per share, for a total transaction of $4,625,000.00. Following the completion of the purchase, the director owned 250,000 shares of the company’s stock, valued at approximately $4,625,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephanie L. Reed acquired 13,513 shares of the stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $18.50 per share, with a total value of $249,990.50. Following the completion of the purchase, the director directly owned 13,513 shares of the company’s stock, valued at approximately $249,990.50. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 518,918 shares of company stock valued at $9,599,983.