50,000 Shares in EagleRock Land, LLC $EROK Purchased by Caz Investments LP

Caz Investments LP acquired a new stake in EagleRock Land, LLC (NYSE:EROK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $1,062,000. EagleRock Land accounts for approximately 1.1% of Caz Investments LP’s holdings, making the stock its 12th largest position.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EROK shares. The Goldman Sachs Group boosted their price target on EagleRock Land from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, August 21st. JPMorgan Chase & Co. began coverage on EagleRock Land in a research report on Monday, June 8th. They set an “overweight” rating and a $25.00 target price for the company. Stephens started coverage on EagleRock Land in a report on Monday, June 8th. They issued an “overweight” rating and a $28.00 target price for the company. Texas Capital upgraded EagleRock Land to a “strong-buy” rating in a research note on Monday, June 8th. Finally, Weiss Ratings began coverage on shares of EagleRock Land in a research note on Friday, August 14th. They issued a “sell (e)” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.83.

EagleRock Land Price Performance

NYSE:EROK opened at $24.50 on Friday. EagleRock Land, LLC has a 52 week low of $19.75 and a 52 week high of $27.42. The company’s 50 day moving average price is $22.60.

EagleRock Land (NYSE:EROK) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.56). The firm had revenue of $46.79 million during the quarter. EagleRock Land’s revenue for the quarter was up 74.0% compared to the same quarter last year. As a group, equities analysts anticipate that EagleRock Land, LLC will post 0.97 EPS for the current fiscal year.

EagleRock Land Profile

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.