EagleRock Land (NYSE:EROK) Coverage Initiated at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. assumed coverage on shares of EagleRock Land (NYSE:EROK) in a report released on Monday. The brokerage set an “overweight” rating and a $25.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 16.50% from the stock’s previous close.

A number of other brokerages have also recently issued reports on EROK. Piper Sandler assumed coverage on EagleRock Land in a report on Monday. They set an “overweight” rating and a $28.00 price objective for the company. Raymond James Financial assumed coverage on shares of EagleRock Land in a report on Monday. They issued an “outperform” rating and a $25.00 target price on the stock. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. The Goldman Sachs Group began coverage on shares of EagleRock Land in a report on Monday. They set a “neutral” rating and a $24.00 price target for the company. Finally, Barclays began coverage on shares of EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $25.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, EagleRock Land presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.40.

EagleRock Land Stock Up 0.4%

Shares of EROK opened at $21.46 on Monday. EagleRock Land has a 1 year low of $21.20 and a 1 year high of $24.80.

Insider Transactions at EagleRock Land

In other news, Director Jeff Slaughter Lott purchased 250,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 250,000 shares of the company’s stock, valued at approximately $4,625,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Wayne Wallace acquired 250,000 shares of EagleRock Land stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $18.50 per share, for a total transaction of $4,625,000.00. Following the purchase, the director directly owned 250,000 shares in the company, valued at $4,625,000. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 518,918 shares of company stock worth $9,599,983.