EagleRock Land (NYSE:EROK) Rating Increased to Hold at Zacks Research

EagleRock Land (NYSE:EROK) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Wall Street Zen upgraded EagleRock Land to a “hold” rating in a research note on Saturday, May 23rd. Stephens initiated coverage on EagleRock Land in a research report on Monday. They set an “overweight” rating and a $28.00 price objective for the company. Raymond James Financial initiated coverage on EagleRock Land in a research report on Monday. They set an “outperform” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on EagleRock Land in a research report on Monday. They set an “overweight” rating and a $25.00 price objective for the company. Finally, Pickering Energy Partners initiated coverage on EagleRock Land in a research report on Monday. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.83.

EagleRock Land Trading Down 2.1%

EROK stock opened at $20.42 on Tuesday. EagleRock Land has a 1-year low of $20.35 and a 1-year high of $24.80.

Insider Buying and Selling

In related news, Director Stephanie L. Reed purchased 13,513 shares of the business’s stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $18.50 per share, with a total value of $249,990.50. Following the completion of the acquisition, the director owned 13,513 shares of the company’s stock, valued at approximately $249,990.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeff Slaughter Lott purchased 250,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director directly owned 250,000 shares of the company’s stock, valued at $4,625,000. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 518,918 shares of company stock worth $9,599,983.