EagleRock Land (NYSE:EROK) Price Target Raised to $27.00

EagleRock Land (NYSE:EROK) had its price objective increased by Barclays from $25.00 to $27.00 in a research report sent to investors on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on EROK. Pickering Energy Partners began coverage on shares of EagleRock Land in a research report on Monday, June 8th. They issued an “outperform” rating for the company. Texas Capital upgraded shares of EagleRock Land to a “strong-buy” rating in a research report on Monday, June 8th. Stephens assumed coverage on shares of EagleRock Land in a report on Monday, June 8th. They set an “overweight” rating and a $28.00 target price on the stock. Raymond James Financial assumed coverage on EagleRock Land in a research report on Monday, June 8th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on EagleRock Land in a report on Monday, June 8th. They issued a “neutral” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.17.

EagleRock Land Trading Down 0.4%

EROK stock opened at $25.10 on Wednesday. EagleRock Land has a 1-year low of $19.75 and a 1-year high of $26.33. The business’s 50 day simple moving average is $21.66.

EagleRock Land (NYSE:EROK) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.56). The business had revenue of $46.79 million for the quarter. The company’s quarterly revenue was up 74.0% compared to the same quarter last year. Equities analysts forecast that EagleRock Land will post 1.2 EPS for the current year.

About EagleRock Land

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.