EagleRock Land, LLC (NYSE:EROK) Receives Average Rating of “Moderate Buy” from Analysts

EagleRock Land, LLC (NYSE:EROK) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $25.8333.

EROK has been the subject of a number of recent research reports. 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. Raymond James Financial assumed coverage on EagleRock Land in a report on Monday, June 8th. They set an “outperform” rating and a $25.00 price target on the stock. Piper Sandler started coverage on EagleRock Land in a research note on Monday, June 8th. They issued an “overweight” rating and a $28.00 price objective for the company. Wall Street Zen raised EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Finally, The Goldman Sachs Group started coverage on EagleRock Land in a research report on Monday, June 8th. They set a “neutral” rating and a $24.00 price objective for the company.

EagleRock Land Trading Down 1.0%

EROK opened at $20.82 on Friday. EagleRock Land has a 12-month low of $19.75 and a 12-month high of $24.80.

Insider Activity at EagleRock Land

In other EagleRock Land news, Director Jeff Slaughter Lott bought 250,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director directly owned 250,000 shares of the company’s stock, valued at $4,625,000. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raj Kumar bought 5,405 shares of EagleRock Land stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $18.50 per share, with a total value of $99,992.50. Following the completion of the acquisition, the director directly owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 518,918 shares of company stock valued at $9,599,983.