EagleRock Land, LLC (NYSE:EROK) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of EagleRock Land, LLC (NYSE:EROK) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $25.8333.

Several research analysts recently weighed in on the stock. The Goldman Sachs Group began coverage on shares of EagleRock Land in a research report on Monday, June 8th. They issued a “neutral” rating and a $24.00 price objective for the company. Texas Capital raised EagleRock Land to a “strong-buy” rating in a research note on Monday, June 8th. Pickering Energy Partners started coverage on EagleRock Land in a research report on Monday, June 8th. They set an “outperform” rating for the company. Stephens assumed coverage on EagleRock Land in a research note on Monday, June 8th. They set an “overweight” rating and a $28.00 price target on the stock. Finally, Raymond James Financial started coverage on EagleRock Land in a report on Monday, June 8th. They issued an “outperform” rating and a $25.00 price target on the stock.

Insider Buying and Selling at EagleRock Land

In other EagleRock Land news, Director Jeff Slaughter Lott purchased 250,000 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $18.50 per share, for a total transaction of $4,625,000.00. Following the transaction, the director directly owned 250,000 shares in the company, valued at $4,625,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Wayne Wallace purchased 250,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the completion of the purchase, the director owned 250,000 shares of the company’s stock, valued at $4,625,000. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have purchased 518,918 shares of company stock valued at $9,599,983.

EagleRock Land Trading Down 2.0%

EROK opened at $20.78 on Friday. EagleRock Land has a one year low of $19.75 and a one year high of $24.80.