Caz Investments LP Buys New Holdings in EagleRock Land, LLC $EROK

Caz Investments LP purchased a new stake in shares of EagleRock Land, LLC (NYSE:EROK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,000 shares of the company’s stock, valued at approximately $1,062,000. EagleRock Land accounts for 0.2% of Caz Investments LP’s portfolio, making the stock its 22nd largest holding.

Separately, Readystate Asset Management LP purchased a new stake in shares of EagleRock Land during the 2nd quarter worth about $425,000.

Wall Street Analyst Weigh In

EROK has been the subject of a number of research analyst reports. Wall Street Zen raised shares of EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings started coverage on shares of EagleRock Land in a research report on Friday, August 14th. They set a “sell (e)” rating on the stock. Stephens started coverage on shares of EagleRock Land in a research note on Monday, June 8th. They set an “overweight” rating and a $28.00 price objective for the company. The Goldman Sachs Group increased their price objective on shares of EagleRock Land from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. began coverage on shares of EagleRock Land in a research note on Monday, June 8th. They issued an “overweight” rating and a $25.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, EagleRock Land has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

EagleRock Land Stock Down 0.1%

EROK stock opened at $25.82 on Monday. EagleRock Land, LLC has a 1 year low of $19.75 and a 1 year high of $27.42. The company has a 50-day moving average of $23.08.

EagleRock Land (NYSE:EROK) last announced its earnings results on Tuesday, August 11th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.56). The company had revenue of $46.79 million during the quarter. The company’s revenue was up 74.0% on a year-over-year basis. Equities analysts predict that EagleRock Land, LLC will post 3.18 earnings per share for the current year.

EagleRock Land Profile

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.