Brokerages Set EagleRock Land, LLC (NYSE:EROK) Target Price at $25.83

Shares of EagleRock Land, LLC (NYSE:EROK) have earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $25.8333.

EROK has been the topic of several recent research reports. Pickering Energy Partners started coverage on shares of EagleRock Land in a research note on Monday, June 8th. They issued an “outperform” rating on the stock. Zacks Research upgraded shares of EagleRock Land to a “hold” rating in a research note on Tuesday, June 9th. The Goldman Sachs Group started coverage on EagleRock Land in a report on Monday, June 8th. They issued a “neutral” rating and a $24.00 price objective for the company. Piper Sandler began coverage on EagleRock Land in a research report on Monday, June 8th. They issued an “overweight” rating and a $28.00 target price on the stock. Finally, Stephens assumed coverage on EagleRock Land in a report on Monday, June 8th. They set an “overweight” rating and a $28.00 target price on the stock.

Insider Activity at EagleRock Land

In related news, Director Michael Wayne Wallace acquired 250,000 shares of EagleRock Land stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the completion of the transaction, the director directly owned 250,000 shares in the company, valued at $4,625,000. This trade 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 Raj Kumar acquired 5,405 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $18.50 per share, for a total transaction of $99,992.50. Following the completion of the transaction, the director directly owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 518,918 shares of company stock valued at $9,599,983.

EagleRock Land Stock Performance

Shares of EROK stock opened at $21.77 on Friday. The stock has a fifty day simple moving average of $21.59. EagleRock Land has a 12 month low of $19.75 and a 12 month high of $24.80.