EagleRock Land (NYSE:EROK) Rating Increased to Strong-Buy at Piper Sandler

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

A number of other analysts have also recently commented on EROK. Wall Street Zen raised EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Pickering Energy Partners assumed coverage on EagleRock Land in a research report on Monday. They issued an “outperform” rating on the stock. Barclays began coverage on EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $25.00 price target on the stock. The Goldman Sachs Group began coverage on EagleRock Land in a research report on Monday. They issued a “neutral” rating and a $24.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $25.83.

EagleRock Land Price Performance

Shares of EROK opened at $21.16 on Monday. EagleRock Land has a 52 week low of $21.00 and a 52 week high of $24.80.

Insiders Place Their Bets

In other EagleRock Land news, Director Michael Wayne Wallace acquired 250,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the transaction, the director owned 250,000 shares of the company’s stock, valued at $4,625,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeff Slaughter Lott bought 250,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average price of $18.50 per share, with a total value of $4,625,000.00. Following the completion of 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. Over the last 90 days, insiders acquired 518,918 shares of company stock valued at $9,599,983.