EagleRock Land, LLC (NYSE:EROK) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of EagleRock Land, LLC (NYSE:EROK – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $27.67.

EROK has been the subject of several research analyst reports. Barclays lifted their price target on EagleRock Land from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group increased their price objective on EagleRock Land from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. decreased their price objective on EagleRock Land from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings upgraded EagleRock Land from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday. Finally, Piper Sandler dropped their target price on EagleRock Land from $33.00 to $31.00 and set an “overweight” rating for the company in a research report on Monday, October 19th.

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EagleRock Land Trading Up 0.2%

Shares of EROK opened at $19.19 on Thursday. The company has a market cap of $2.52 billion and a P/E ratio of 20.41. The firm’s 50-day simple moving average is $21.94. EagleRock Land has a 12-month low of $16.99 and a 12-month high of $27.42.

EagleRock Land (NYSE:EROK – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $43.35 million for the quarter. On average, equities research analysts expect that EagleRock Land will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EROK. Schwartz Investment Counsel Inc. boosted its stake in shares of EagleRock Land by 18.8% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 579,996 shares of the company’s stock valued at $12,064,000 after purchasing an additional 91,881 shares in the last quarter. Islay Capital Management LLC grew its holdings in shares of EagleRock Land by 62.7% during the 3rd quarter. Islay Capital Management LLC now owns 12,200 shares of the company’s stock valued at $254,000 after purchasing an additional 4,700 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of EagleRock Land during the 2nd quarter valued at $324,000. Citadel Advisors LLC bought a new position in shares of EagleRock Land during the 2nd quarter valued at $11,675,000. Finally, HighTower Advisors LLC purchased a new position in EagleRock Land in the 2nd quarter worth $956,000.

EagleRock Land Company Profile

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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.

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Analyst Recommendations for EagleRock Land (NYSE:EROK)

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