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

EagleRock Land, LLC (NYSE:EROK) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $25.8333.

EROK has been the topic of a number of recent research reports. Raymond James Financial initiated coverage on EagleRock Land in a research note on Monday, June 8th. They issued an “outperform” rating and a $25.00 target price on the stock. Pickering Energy Partners assumed coverage on shares of EagleRock Land in a research report on Monday, June 8th. They set an “outperform” rating for the company. Zacks Research raised shares of EagleRock Land to a “hold” rating in a report on Tuesday, June 9th. Texas Capital upgraded shares of EagleRock Land to a “strong-buy” rating in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. began coverage on shares of EagleRock Land in a research report on Monday, June 8th. They issued an “overweight” rating and a $25.00 price objective on the stock.

EagleRock Land Stock Down 0.3%

NYSE:EROK opened at $22.09 on Tuesday. EagleRock Land has a 12-month low of $19.75 and a 12-month high of $24.80. The firm’s 50 day moving average is $21.53.

Insider Activity

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