Share on StockTwits

Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 720,094 shares, a decline of 21.7% from the March 31st total of 919,154 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 479,318 shares, the short-interest ratio is currently 1.5 days. Approximately 0.7% of the company’s stock are short sold.

A number of research firms have recently commented on EROC. Analysts at UBS AG reiterated a “buy” rating on shares of Eagle Rock Energy Partners, L.P. in a research note on Thursday, April 24th. They now have a $6.50 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of Eagle Rock Energy Partners, L.P. from $7.00 to $5.00 in a research note on Thursday, April 24th. They now have a “sector perform” rating on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Eagle Rock Energy Partners, L.P. in a research note on Thursday, April 24th. They now have a $5.50 price target on the stock, down previously from $6.50. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $6.15.

Shares of Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) opened at 4.28 on Thursday. Eagle Rock Energy Partners, L.P. has a 52-week low of $3.97 and a 52-week high of $9.00. The stock’s 50-day moving average is $4.87 and its 200-day moving average is $5.46. The company’s market cap is $670.4 million.

Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.07. Analysts expect that Eagle Rock Energy Partners, L.P. will post $0.06 EPS for the current fiscal year.

Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) is a limited partnership engaged in the business of gathering, compressing, treating, processing and transporting natural gas; fractionating and transporting natural gas liquids (NGLs); crude oil logistics and marketing; natural gas marketing and trading, known as Midstream Business, and developing and producing interests in oil and natural gas properties, known as Upstream Business.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.