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

EagleRock Land, LLC (NYSE:EROK) has been given an average recommendation of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.8333.

Several research firms have recently weighed in on EROK. Piper Sandler assumed coverage on shares of EagleRock Land in a report on Monday. They set an “overweight” rating and a $28.00 price objective for the company. Raymond James Financial began coverage on EagleRock Land in a research report on Monday. They set an “outperform” rating and a $25.00 price target on the stock. Pickering Energy Partners assumed coverage on EagleRock Land in a research report on Monday. They issued an “outperform” rating for the company. The Goldman Sachs Group initiated coverage on EagleRock Land in a report on Monday. They set a “neutral” rating and a $24.00 target price on the stock. Finally, Wall Street Zen upgraded EagleRock Land to a “hold” rating in a research note on Saturday, May 23rd.

EagleRock Land Trading Up 1.4%

Shares of EagleRock Land stock traded up $0.29 during mid-day trading on Monday, reaching $21.66. 17,146 shares of the stock were exchanged, compared to its average volume of 479,247. EagleRock Land has a fifty-two week low of $21.20 and a fifty-two week high of $24.80.

Insider Activity at EagleRock Land

In related news, Director Jeff Slaughter Lott bought 250,000 shares of EagleRock Land stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $18.50 per share, for a total transaction of $4,625,000.00. Following the completion of the transaction, the director owned 250,000 shares of the company’s stock, valued at approximately $4,625,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Wayne Wallace purchased 250,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $18.50 per share, for a total transaction of $4,625,000.00. Following the completion of the purchase, the director directly owned 250,000 shares of the company’s stock, valued at $4,625,000. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 518,918 shares of company stock worth $9,599,983 in the last quarter.