Eagle Rock Energy Partners, L.P. Downgraded to “Neutral” at Zacks (EROC)
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $5.20 target price on the stock. Zacks‘s price target would indicate a potential upside of 21.21% from the stock’s previous close.
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) traded down 0.93% on Wednesday, hitting $4.25. 312,141 shares of the company’s stock traded hands. Eagle Rock Energy Partners, L.P. has a 52 week low of $3.97 and a 52 week high of $7.88. The stock’s 50-day moving average is $4.73 and its 200-day moving average is $4.81. The company’s market cap is $668.8 million.
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) last announced its earnings results on Wednesday, July 30th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.10. Analysts expect that Eagle Rock Energy Partners, L.P. will post $0.03 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.
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