EagleRock Land (NYSE:EROK) Stock Rating Upgraded by Texas Capital

EagleRock Land (NYSE:EROK) was upgraded by stock analysts at Texas Capital to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts also recently weighed in on EROK. Pickering Energy Partners began coverage on EagleRock Land in a research note on Monday. They set an “outperform” rating on the stock. Raymond James Financial initiated coverage on EagleRock Land in a research note on Monday. They issued an “outperform” rating and a $25.00 price target for the company. Wall Street Zen raised EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. The Goldman Sachs Group initiated coverage on EagleRock Land in a research note on Monday. They set a “neutral” rating and a $24.00 price target on the stock. Finally, Piper Sandler initiated coverage on shares of EagleRock Land in a report on Monday. They set an “overweight” rating and a $28.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $25.83.

EagleRock Land Trading Down 0.6%

NYSE EROK opened at $20.98 on Monday. EagleRock Land has a 12-month low of $20.55 and a 12-month high of $24.80.

Insider Transactions at EagleRock Land

In other news, Director Stephanie L. Reed purchased 13,513 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average price of $18.50 per share, with a total value of $249,990.50. Following the transaction, the director owned 13,513 shares in the company, valued at $249,990.50. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Wayne Wallace purchased 250,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of $18.50 per share, for a total transaction of $4,625,000.00. Following the purchase, the director owned 250,000 shares in the company, valued at approximately $4,625,000. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 518,918 shares of company stock worth $9,599,983.