ERock, Inc. $EROC Stock Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in shares of ERock, Inc. (NYSE:EROC – Free Report) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,232,208 shares of the company’s stock after purchasing an additional 175,527 shares during the quarter. Pictet Asset Management Holding SA’s holdings in ERock were worth $15,107,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. CenterBook Partners LP bought a new stake in ERock in the 3rd quarter valued at $3,134,000. Total Clarity Wealth Management Inc. acquired a new stake in shares of ERock during the 3rd quarter worth approximately $319,000. Counterpoint Mutual Funds LLC bought a new stake in shares of ERock during the third quarter valued at approximately $617,000. Q Fund Management Hong Kong Ltd bought a new stake in shares of ERock during the third quarter valued at approximately $510,000. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of ERock in the second quarter valued at $2,900,000.

Trending Headlines about ERock

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EROC shares. Weiss Ratings began coverage on shares of ERock in a report on Friday, September 4th. They issued a “sell (e-)” rating on the stock. Morgan Stanley lifted their price objective on ERock from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Guggenheim lowered their price objective on ERock from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. dropped their price objective on ERock from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Finally, Bank of America raised shares of ERock from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.75.

Get Our Latest Stock Report on EROC

ERock Price Performance

ERock stock opened at $8.34 on Friday. The firm has a 50-day simple moving average of $10.70. ERock, Inc. has a 12-month low of $6.41 and a 12-month high of $20.70.

ERock (NYSE:EROC – Get Free Report) last announced its earnings results on Thursday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $152.77 million for the quarter. As a group, sell-side analysts predict that ERock, Inc. will post -0.32 EPS for the current fiscal year.

About ERock

(Free Report)

ERock, formally Eagle Rock Energy Partners, L.P., was a Houston-based master limited partnership focused on natural gas and oil. Its businesses included midstream services such as gathering, processing and treating natural gas, as well as exploration and production activities. The partnership operated assets in several U.S. regions, including the Permian Basin and Gulf Coast. In 2014, it sold its upstream business to Vanguard Natural Resources and its remaining midstream operations to Regency Energy Partners, ending its operations as an independent company.

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Institutional Ownership by Quarter for ERock (NYSE:EROC)

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