EagleRock Land (NYSE:EROK) Earns Overweight Rating from Analysts at Barclays

Equities research analysts at Barclays initiated coverage on shares of EagleRock Land (NYSE:EROK) in a report released on Monday. The firm set an “overweight” rating and a $25.00 price target on the stock. Barclays‘s price target would suggest a potential upside of 16.50% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a research note on Saturday, May 23rd. Piper Sandler began coverage on EagleRock Land in a report on Monday. They issued an “overweight” rating and a $28.00 price objective for the company. Raymond James Financial assumed coverage on EagleRock Land in a research note on Monday. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on EagleRock Land in a research report on Monday. They issued a “neutral” rating and a $24.00 target price for the company. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, EagleRock Land has a consensus rating of “Moderate Buy” and an average target price of $25.40.

EagleRock Land Stock Up 0.4%

NYSE EROK opened at $21.46 on Monday. EagleRock Land has a 12 month low of $21.20 and a 12 month high of $24.80.

Insider Buying and Selling

In other news, Director Raj Kumar purchased 5,405 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $18.50 per share, for a total transaction of $99,992.50. Following the completion of the transaction, the director owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeff Slaughter Lott acquired 250,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $18.50 per share, for a total transaction of $4,625,000.00. Following the acquisition, the director owned 250,000 shares in the company, valued at approximately $4,625,000. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 518,918 shares of company stock valued at $9,599,983 over the last three months.