EagleRock Land (NYSE:EROK) Rating Increased to Moderate Buy at Raymond James Financial

Raymond James Financial upgraded shares of EagleRock Land (NYSE:EROK) to a moderate buy rating in a report published on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. Stephens initiated coverage on shares of EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $28.00 price target for the company. Wall Street Zen raised shares of EagleRock Land to a “hold” rating in a research note on Saturday, May 23rd. JPMorgan Chase & Co. initiated coverage on shares of EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $25.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of EagleRock Land in a research note on Monday. They issued a “neutral” rating and a $24.00 price target for the company. Finally, Pickering Energy Partners initiated coverage on shares of EagleRock Land in a research note on Monday. They issued an “outperform” rating for the company. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $25.83.

EagleRock Land Stock Down 1.0%

EROK 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 Activity

In other news, Director Michael Wayne Wallace purchased 250,000 shares of the company’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 $4,625,000.00. Following the transaction, the director directly owned 250,000 shares of the company’s stock, valued at approximately $4,625,000. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raj Kumar purchased 5,405 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $18.50 per share, with a total value of $99,992.50. Following the transaction, 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. Over the last 90 days, insiders acquired 518,918 shares of company stock worth $9,599,983.