Stephens Initiates Coverage on EagleRock Land (NYSE:EROK)

Equities research analysts at Stephens started coverage on shares of EagleRock Land (NYSE:EROK) in a research note issued to investors on Monday, Marketbeat reports. The brokerage set an “overweight” rating and a $28.00 price target on the stock. Stephens’ target price would indicate a potential upside of 27.50% from the stock’s previous close.

A number of other equities research analysts have also recently commented on EROK. Pickering Energy Partners started coverage on EagleRock Land in a research note on Monday. They set an “outperform” rating for the company. Piper Sandler assumed coverage on EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $28.00 target price on the stock. Wall Street Zen upgraded EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Raymond James Financial began coverage on EagleRock Land in a research report on Monday. They set an “outperform” rating and a $25.00 target price for the company. Finally, Barclays began coverage on EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $25.00 price target for the company. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

EagleRock Land Trading Up 2.8%

Shares of EagleRock Land stock traded up $0.59 on Monday, hitting $21.96. 13,096 shares of the company’s stock traded hands, compared to its average volume of 478,474. EagleRock Land has a one year low of $21.20 and a one year high of $24.80.

Insider Activity

In other EagleRock Land news, Director Michael Wayne Wallace bought 250,000 shares of EagleRock Land stock in a transaction 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 completion of the acquisition, the director owned 250,000 shares in the company, 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 the SEC website. Also, Director Jeff Slaughter Lott bought 250,000 shares of EagleRock Land stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $18.50 per share, for a total transaction of $4,625,000.00. Following the completion of the acquisition, the director owned 250,000 shares of the company’s stock, valued at approximately $4,625,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased 518,918 shares of company stock worth $9,599,983 over the last quarter.