EagleRock Land, LLC (NYSE:EROK) Given Average Recommendation of “Moderate Buy” by Brokerages

EagleRock Land, LLC (NYSE:EROK) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.8333.

A number of brokerages have issued reports on EROK. Zacks Research upgraded EagleRock Land to a “hold” rating in a report on Tuesday, June 9th. Texas Capital raised EagleRock Land to a “strong-buy” rating in a research note on Monday, June 8th. Raymond James Financial assumed coverage on shares of EagleRock Land in a research report on Monday, June 8th. They issued an “outperform” rating and a $25.00 price target on the stock. Pickering Energy Partners assumed coverage on shares of EagleRock Land in a research note on Monday, June 8th. They set an “outperform” rating on the stock. Finally, Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd.

Insider Activity

In other news, Director Stephanie L. Reed purchased 13,513 shares of EagleRock Land stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $18.50 per share, with a total value of $249,990.50. Following the completion of the transaction, the director directly owned 13,513 shares in the company, valued at $249,990.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raj Kumar purchased 5,405 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $18.50 per share, with a total value of $99,992.50. Following the acquisition, the director directly owned 5,405 shares in the company, valued at $99,992.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have purchased 518,918 shares of company stock valued at $9,599,983.

EagleRock Land Price Performance

Shares of EagleRock Land stock opened at $20.78 on Friday. EagleRock Land has a 12 month low of $19.75 and a 12 month high of $24.80.