Short Interest in Eagle Rock Energy Partners, L.P. Expands By 45.0% (EROC)
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.
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