Pickering Energy Partners Begins Coverage on EagleRock Land (NYSE:EROK)

Research analysts at Pickering Energy Partners began coverage on shares of EagleRock Land (NYSE:EROK) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set an “outperform” rating on the stock.

Several other research firms have also recently weighed in on EROK. Piper Sandler started coverage on EagleRock Land in a research report on Monday. They set an “overweight” rating and a $28.00 price objective for the company. The Goldman Sachs Group began coverage on EagleRock Land in a research report on Monday. They issued a “neutral” rating and a $24.00 price target on the stock. Barclays assumed coverage on EagleRock Land in a report on Monday. They set an “overweight” rating and a $25.00 price target for the company. JPMorgan Chase & Co. initiated coverage on EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $25.00 price objective for the company. Finally, Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a research note on Saturday, May 23rd. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.83.

EagleRock Land Stock Performance

EROK stock traded up $0.59 during mid-day trading on Monday, reaching $21.96. 13,096 shares of the stock traded hands, compared to its average volume of 478,474. EagleRock Land has a 52 week low of $21.20 and a 52 week high of $24.80.

Insider Activity at EagleRock Land

In other news, Director Raj Kumar purchased 5,405 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $18.50 per share, for a total transaction of $99,992.50. Following the completion of the purchase, the director directly owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Wayne Wallace purchased 250,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director owned 250,000 shares in the company, valued at approximately $4,625,000. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 518,918 shares of company stock worth $9,599,983 in the last three months.