EagleRock Land (NYSE:EROK) Coverage Initiated at Barclays

Investment analysts at Barclays began coverage on shares of EagleRock Land (NYSE:EROK) in a report released on Monday. The brokerage set an “overweight” rating and a $25.00 price target on the stock. Barclays‘s price objective indicates a potential upside of 16.50% from the stock’s previous close.

EROK has been the topic of a number of other reports. Raymond James Financial began coverage on shares of EagleRock Land in a research note on Monday. They set an “outperform” rating and a $25.00 price objective on the stock. Piper Sandler initiated coverage on shares of EagleRock Land in a research note on Monday. They set an “overweight” rating and a $28.00 target price on the stock. The Goldman Sachs Group started coverage on shares of EagleRock Land in a research note on Monday. They set a “neutral” rating and a $24.00 target price on the stock. Finally, Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.40.

EagleRock Land Stock Up 0.4%

Shares of EROK stock opened at $21.46 on Monday. EagleRock Land has a 1 year low of $21.20 and a 1 year high of $24.80.

Insider Buying and Selling

In related news, Director Jeff Slaughter Lott bought 250,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, for a total transaction of $4,625,000.00. Following the acquisition, the director directly owned 250,000 shares of the company’s stock, valued at $4,625,000. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Wayne Wallace bought 250,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $18.50 per share, for a total transaction of $4,625,000.00. Following the completion of the transaction, the director directly owned 250,000 shares of the company’s stock, valued at $4,625,000. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 518,918 shares of company stock worth $9,599,983 over the last quarter.