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

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

Several research analysts recently commented on the company. Raymond James Financial began coverage on EagleRock Land in a research note on Monday, June 8th. They issued an “outperform” rating and a $25.00 price objective for the company. Texas Capital raised shares of EagleRock Land to a “strong-buy” rating in a research note on Monday, June 8th. Piper Sandler initiated coverage on shares of EagleRock Land in a report on Monday, June 8th. They set an “overweight” rating and a $28.00 target price for the company. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. started coverage on shares of EagleRock Land in a research note on Monday, June 8th. They issued an “overweight” rating and a $25.00 price target on the stock.

EagleRock Land Trading Up 3.9%

Shares of NYSE:EROK opened at $22.15 on Tuesday. The stock has a 50 day moving average price of $21.38. EagleRock Land has a 1 year low of $19.75 and a 1 year high of $24.80.

Insider Buying and Selling at EagleRock Land

In other EagleRock Land news, Director Michael Wayne Wallace acquired 250,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was bought at an average price of $18.50 per share, for a total transaction of $4,625,000.00. Following the acquisition, the director owned 250,000 shares in the company, valued at approximately $4,625,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raj Kumar bought 5,405 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $18.50 per share, for a total transaction of $99,992.50. Following the completion of the purchase, the director directly owned 5,405 shares in the company, valued at approximately $99,992.50. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 518,918 shares of company stock worth $9,599,983 in the last quarter.

EagleRock Land, LLC is an energy company in the Oil & Gas Equipment & Services industry.