EagleRock Land (NYSE:EROK) Stock Gets Price Target Cut from Piper Sandler

EagleRock Land (NYSE:EROK) had its price target decreased by Piper Sandler from $33.00 to $31.00 in a report issued on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on EROK. Barclays boosted their target price on EagleRock Land from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings started coverage on shares of EagleRock Land in a research note on Friday, August 14th. They issued a “sell (e)” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of EagleRock Land from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, The Goldman Sachs Group raised their price objective on shares of EagleRock Land from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.67.

EagleRock Land Stock Up 0.2%

Shares of NYSE EROK opened at $18.42 on Monday. The business’s 50-day simple moving average is $23.17. EagleRock Land has a 1 year low of $16.99 and a 1 year high of $27.42.

EagleRock Land (NYSE:EROK) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.56). The firm 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. On average, equities research analysts expect that EagleRock Land will post 1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On EagleRock Land

Several large investors have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of EagleRock Land during the second quarter worth about $11,675,000. Alyeska Investment Group L.P. purchased a new stake in shares of EagleRock Land in the 2nd quarter valued at about $1,169,000. Caz Investments LP purchased a new stake in shares of EagleRock Land in the 2nd quarter valued at about $1,062,000. HighTower Advisors LLC acquired a new stake in shares of EagleRock Land in the 2nd quarter valued at about $956,000. Finally, Readystate Asset Management LP acquired a new stake in shares of EagleRock Land in the 2nd quarter valued at about $425,000.

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.