Shares of EagleRock Land, LLC (NYSE:EROK – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $27.33.
A number of brokerages recently weighed in on EROK. JPMorgan Chase & Co. lowered their target price on shares of EagleRock Land from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings raised shares of EagleRock Land from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday, November 3rd. Barclays lifted their price objective on EagleRock Land from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Piper Sandler dropped their target price on EagleRock Land from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, November 5th. Finally, Wall Street Zen lowered EagleRock Land from a “hold” rating to a “sell” rating in a research report on Saturday.
Get Our Latest Stock Analysis on EROK
Hedge Funds Weigh In On EagleRock Land
Several large investors have recently modified their holdings of EROK. Islay Capital Management LLC increased its holdings in EagleRock Land by 62.7% in the 3rd quarter. Islay Capital Management LLC now owns 12,200 shares of the company’s stock worth $254,000 after buying an additional 4,700 shares in the last quarter. Moors & Cabot Inc. bought a new position in EagleRock Land during the 3rd quarter valued at about $262,000. Squarepoint Ops LLC bought a new position in EagleRock Land during the 2nd quarter valued at about $324,000. Readystate Asset Management LP bought a new position in EagleRock Land during the 2nd quarter valued at about $425,000. Finally, HighTower Advisors LLC bought a new stake in EagleRock Land in the 2nd quarter worth approximately $956,000.
EagleRock Land Stock Performance
Shares of EagleRock Land stock opened at $21.10 on Thursday. The stock’s fifty day simple moving average is $21.66. EagleRock Land has a 12 month low of $16.99 and a 12 month high of $27.42.
EagleRock Land (NYSE:EROK – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $43.35 million during the quarter. Research analysts anticipate that EagleRock Land will post 1.39 EPS for the current year.
About EagleRock Land
EagleRock Land, LLC is a land management royalty company which controls surface acreage in the core of the Permian Basin providing access to land, resources and infrastructure for critical industries. EagleRock Land, LLC is based in HOUSTON.
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