Share on StockTwits

Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) saw a significant increase in short interest during 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, Analyst RN reports. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 442,944 shares, the days-to-cover ratio is presently 2.2 days.

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 investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $5.51.

Shares of Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) opened at 4.34 on Wednesday. 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 $4.46 and its 200-day moving average is $4.67. The company’s market cap is $682.9 million.

Eagle Rock Energy Partners, L.P. (NASDAQ:EROC) last issued its quarterly earnings data 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.

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.