EagleRock Land (NYSE:EROK) Raised to Moderate Buy at Raymond James Financial

EagleRock Land (NYSE:EROK) was upgraded by analysts at Raymond James Financial to a “moderate buy” rating in a report issued on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group began coverage on shares of EagleRock Land in a research note on Monday. They issued a “neutral” rating and a $24.00 price objective for the company. Wall Street Zen raised shares of EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Pickering Energy Partners began coverage on shares of EagleRock Land in a research report on Monday. They set an “outperform” rating on the stock. Stephens began coverage on shares of EagleRock Land in a research report on Monday. They set an “overweight” rating and a $28.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of EagleRock Land in a research report on Monday. They set an “overweight” rating and a $25.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.83.

EagleRock Land Trading Down 1.0%

Shares of NYSE EROK opened at $21.16 on Monday. EagleRock Land has a 1 year low of $21.00 and a 1 year high of $24.80.

Insider Buying and Selling at EagleRock Land

In other EagleRock Land news, Director Stephanie L. Reed acquired 13,513 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $18.50 per share, with a total value of $249,990.50. Following the completion of the acquisition, the director directly owned 13,513 shares in the company, valued at $249,990.50. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raj Kumar acquired 5,405 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, for a total transaction of $99,992.50. Following the completion of the acquisition, the director owned 5,405 shares of the company’s stock, valued at $99,992.50. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 518,918 shares of company stock valued at $9,599,983.