Eagle Rock Energy Partners Hits New 52-Week Low at $5.95 (EROC)
Eagle Rock Energy Partners (NASDAQ:EROC)’s share price reached a new 52-week low during trading on Tuesday, Analyst Ratings News reports. The stock traded as low as $5.95 and last traded at $6.34, with a volume of 3,693,951 shares traded. The stock had previously closed at $7.35.
A number of analysts have recently weighed in on EROC shares. Analysts at Merrill Lynch downgraded shares of Eagle Rock Energy Partners from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Bank of America Corp. downgraded shares of Eagle Rock Energy Partners from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $7.00 price target on the stock, down previously from $9.50. Finally, analysts at RBC Capital downgraded shares of Eagle Rock Energy Partners from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Eagle Rock Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $8.48.
Eagle Rock Energy Partners has a 52-week low of $6.01 and a 52-week high of $10.58. The stock’s 50-day moving average is $6.67 and its 200-day moving average is $8.36. The company’s market cap is $1.000 billion.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.36%.
Energy Rock Energy Partners, L.P. is a limited partnership engaged in the business of gathering, compressing, treating, processing and transporting natural gas, fractionating and transporting natural gas liquids (NASDAQ:EROC), and marketing natural gas, condensate and NGLs; acquiring, developing and producing interests in oil and natural gas properties, and acquiring and managing fee mineral, overriding royalty and royalty interests The Midstream Business is located in five natural gas producing regions: the Texas Panhandle, East Texas/Louisiana, South Texas, West Texas and Gulf of Mexico.
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