EagleRock Land, LLC (NYSE:EROK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of EagleRock Land, LLC (NYSE:EROK) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $26.8333.

EROK has been the subject of a number of analyst reports. Zacks Research raised EagleRock Land to a “hold” rating in a research report on Tuesday, June 9th. Piper Sandler started coverage on shares of EagleRock Land in a report on Monday, June 8th. They issued an “overweight” rating and a $28.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of EagleRock Land from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Friday. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Finally, Barclays increased their price objective on shares of EagleRock Land from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th.

EagleRock Land Stock Performance

Shares of NYSE EROK opened at $26.57 on Friday. EagleRock Land has a 12-month low of $19.75 and a 12-month high of $27.42. The company has a fifty day moving average of $22.14.

EagleRock Land (NYSE:EROK) last released its earnings results on Tuesday, August 11th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.56). The company had revenue of $46.79 million during the quarter. The company’s revenue for the quarter was up 74.0% compared to the same quarter last year. As a group, analysts anticipate that EagleRock Land will post 0.97 earnings per share for the current year.

Institutional Investors Weigh In On EagleRock Land

An institutional investor recently bought a new stake in EagleRock Land stock. Alyeska Investment Group L.P. bought a new stake in EagleRock Land, LLC (NYSE:EROK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 55,000 shares of the company’s stock, valued at approximately $1,169,000.

EagleRock Land Company Profile

EagleRock Land, LLC is a land management royalty company which controls surface acreage in the core of the Permian Basin providing access to land, resources and infrastructure for critical industries. EagleRock Land, LLC is based in HOUSTON.