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

EagleRock Land, LLC (NYSE:EROK) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $25.8333.

Several equities analysts have commented on the company. Barclays began coverage on EagleRock Land in a research report on Monday, June 8th. They issued an “overweight” rating and a $25.00 target price for the company. The Goldman Sachs Group started coverage on EagleRock Land in a report on Monday, June 8th. They set a “neutral” rating and a $24.00 price target on the stock. Raymond James Financial assumed coverage on EagleRock Land in a research note on Monday, June 8th. They issued an “outperform” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on EagleRock Land in a research note on Monday, June 8th. They issued an “overweight” rating and a $25.00 price objective for the company. Finally, Texas Capital upgraded shares of EagleRock Land to a “strong-buy” rating in a report on Monday, June 8th.

Insider Buying and Selling at EagleRock Land

In other EagleRock Land news, Director Michael Wayne Wallace purchased 250,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of $18.50 per share, with a total value 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeff Slaughter Lott purchased 250,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $18.50 per share, for a total transaction of $4,625,000.00. Following the acquisition, the director owned 250,000 shares of the company’s stock, valued at $4,625,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 518,918 shares of company stock valued at $9,599,983.

EagleRock Land Stock Performance

NYSE EROK opened at $22.26 on Tuesday. EagleRock Land has a twelve month low of $19.75 and a twelve month high of $24.80. The firm’s fifty day moving average price is $21.36.

EagleRock Land, LLC is an energy company in the Oil & Gas Equipment & Services industry.