EagleRock Land (NYSE:EROK) Rating Increased to Hold at The Goldman Sachs Group

EagleRock Land (NYSE:EROK) was upgraded by analysts at The Goldman Sachs Group to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also commented on EROK. Stephens initiated coverage on EagleRock Land in a research report on Monday. They set an “overweight” rating and a $28.00 target price on the stock. Wall Street Zen upgraded EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. initiated coverage on EagleRock Land in a research report on Monday. They set an “overweight” rating and a $25.00 target price on the stock. Pickering Energy Partners initiated coverage on EagleRock Land in a research report on Monday. They set an “outperform” rating on the stock. Finally, Piper Sandler initiated coverage on EagleRock Land in a research report on Monday. They set an “overweight” rating and a $28.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $25.83.

EagleRock Land Stock Down 1.0%

EagleRock Land stock opened at $21.16 on Monday. EagleRock Land has a one year low of $21.00 and a one year high of $24.80.

Insider Buying and Selling

In related news, Director Michael Wayne Wallace acquired 250,000 shares of the 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 $4,625,000.00. Following the completion of the purchase, the director directly owned 250,000 shares in the company, valued at $4,625,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeff Slaughter Lott acquired 250,000 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $4,625,000. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 518,918 shares of company stock valued at $9,599,983.