ERock (NYSE:EROC) Given New $22.00 Price Target at Barclays

ERock (NYSE:EROC) had its target price lowered by Barclays from $23.00 to $22.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

EROC has been the subject of a number of other reports. Morgan Stanley increased their target price on shares of ERock from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, August 17th. Guggenheim dropped their price objective on ERock from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, September 2nd. Bank of America upgraded ERock from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, July 17th. JPMorgan Chase & Co. cut their price objective on ERock from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Finally, Weiss Ratings initiated coverage on ERock in a research note on Friday, September 4th. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.62.

ERock Trading Up 1.2%

Shares of NYSE EROC traded up $0.10 during mid-day trading on Friday, hitting $8.44. The stock had a trading volume of 2,456,616 shares, compared to its average volume of 3,105,437. The business’s 50 day moving average price is $10.63. ERock has a 1 year low of $6.41 and a 1 year high of $20.70. The stock has a market capitalization of $406.55 million and a price-to-earnings ratio of -140.67.

ERock (NYSE:EROC) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $152.77 million for the quarter. On average, sell-side analysts predict that ERock will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On ERock

Several hedge funds and other institutional investors have recently modified their holdings of EROC. Value Aligned Research Advisors LLC bought a new position in ERock in the second quarter worth about $19,516,000. Pictet Asset Management Holding SA boosted its position in ERock by 16.6% during the 3rd quarter. Pictet Asset Management Holding SA now owns 1,232,208 shares of the company’s stock valued at $15,107,000 after acquiring an additional 175,527 shares in the last quarter. Wellington Management Group LLP bought a new stake in ERock during the 2nd quarter valued at approximately $7,228,000. State Street Corp bought a new stake in ERock during the 3rd quarter valued at approximately $5,788,000. Finally, CenterBook Partners LP purchased a new position in shares of ERock during the 3rd quarter worth approximately $3,134,000.

ERock News Roundup

These are some of the EROC news items that stood out recently:

• Positive Sentiment: ERock reported Q3 revenue of $152.77 million and an adjusted EPS figure of $0.04, above the consensus estimate of a $0.01 loss. Coverage also highlighted record revenue and $300 million in new bookings. Q3 results
• Positive Sentiment: Barclays maintained an “overweight” rating and a $22 price target, despite lowering it from $23. Another report put the average target at $21.75; both targets are well above the cited $8.44 share price. Barclays rating Average price target
• Neutral Sentiment: ERock’s full-year 2026 revenue guidance of $435 million–$465 million brackets analyst consensus of $452.7 million, leaving the outlook broadly in line with expectations. Q3 results and guidance

About ERock

ERock, formally Eagle Rock Energy Partners, L.P., was a Houston-based master limited partnership focused on natural gas and oil. Its businesses included midstream services such as gathering, processing and treating natural gas, as well as exploration and production activities. The partnership operated assets in several U.S. regions, including the Permian Basin and Gulf Coast. In 2014, it sold its upstream business to Vanguard Natural Resources and its remaining midstream operations to Regency Energy Partners, ending its operations as an independent company.