Insider Selling: Robert D. Hallett Sells 55,000 Shares of Eagle Rock Energy Partners, L.P. Stock (EROC)
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) SVP Robert D. Hallett sold 55,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $4.26, for a total value of $234,300.00. Following the sale, the senior vice president now directly owns 127,022 shares in the company, valued at approximately $541,114. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Eagle Rock Energy Partners, L.P. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $5.20 price target on the stock. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $5.51.
Shares of Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) traded up 1.76% on Monday, hitting $4.345. The stock had a trading volume of 290,709 shares. Eagle Rock Energy Partners, L.P. has a 52 week low of $3.97 and a 52 week high of $7.88. The stock has a 50-day moving average of $4.65 and a 200-day moving average of $4.77. The company’s market cap is $683.7 million.
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters 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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