Eagle Rock Energy Partners, L.P. CFO Purchases $20,500 in Stock (EROC)
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) CFO Robert M. Haines bought 5,000 shares of Eagle Rock Energy Partners, L.P. stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $4.10 per share, with a total value of $20,500.00. Following the completion of the purchase, the chief financial officer now directly owns 117,211 shares in the company, valued at approximately $480,565. The acquisition 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 an average rating of “Hold” and an average target price of $5.51.
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) traded up 0.49% during mid-day trading on Thursday, hitting $4.10. 622,000 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 $4.49 and its 200-day moving average is $4.70. The company’s market cap is $645.2 million. Eagle Rock Energy Partners, L.P. also saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 961,977 shares, an increase of 45.0% from the July 31st total of 663,473 shares. Based on an average daily trading volume, of 442,944 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.9% of the shares of the company are short sold.
Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) last released its earnings data 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. On average, analysts predict that Eagle Rock Energy Partners, L.P. will post $0.03 earnings per share 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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