EagleRock Land, LLC (EROK) – What Are Researchers Saying About This Stock?

EagleRock Land, LLC (NYSE:EROK) has earned an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $28.00.

EROK has been the topic of a number of recent analyst reports. Piper Sandler lifted their price objective on EagleRock Land from $28.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Barclays upped their price objective on shares of EagleRock Land from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Weiss Ratings started coverage on shares of EagleRock Land in a research note on Friday, August 14th. They set a “sell (e)” rating on the stock. The Goldman Sachs Group boosted their price target on shares of EagleRock Land from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Finally, JPMorgan Chase & Co. reduced their price target on shares of EagleRock Land from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th.

Institutional Trading of EagleRock Land

Several large investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new position in EagleRock Land during the second quarter valued at $324,000. Citadel Advisors LLC purchased a new stake in shares of EagleRock Land during the second quarter valued at approximately $11,675,000. HighTower Advisors LLC bought a new stake in shares of EagleRock Land in the 2nd quarter worth $956,000. Caz Investments LP bought a new stake in EagleRock Land in the 2nd quarter worth about $1,062,000. Finally, Readystate Asset Management LP purchased a new position in shares of EagleRock Land during the second quarter valued at approximately $425,000.

EagleRock Land Trading Down 3.6%

EagleRock Land stock opened at $17.64 on Friday. The stock has a market capitalization of $2.32 billion and a price-to-earnings ratio of 18.77. EagleRock Land has a 1-year low of $17.56 and a 1-year high of $27.42. The business’s 50-day moving average price is $23.59.

EagleRock Land (NYSE:EROK) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Sell-side analysts anticipate that EagleRock Land will post 3.18 earnings per share for the current year.

EagleRock Land Company 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.