EagleRock Land (NYSE:EROK) Rating Increased to Hold at The Goldman Sachs Group

EagleRock Land (NYSE:EROK) was upgraded by analysts at The Goldman Sachs Group to a “hold” rating in a report released on Monday,Zacks.com reports.

EROK has been the topic of a number of other research reports. Piper Sandler began coverage on EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $28.00 target price on the stock. Raymond James Financial began coverage on EagleRock Land in a research report on Monday. They issued an “outperform” rating and a $25.00 target price on the stock. Stephens began coverage on EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $28.00 target price on the stock. Barclays began coverage on EagleRock Land in a research report on Monday. They set an “overweight” rating and a $25.00 price target on the stock. Finally, Wall Street Zen raised EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $25.83.

EagleRock Land Stock Down 1.0%

NYSE EROK opened at $21.16 on Monday. EagleRock Land has a one year low of $21.00 and a one year high of $24.80.

Insider Buying and Selling

In other news, Director Stephanie L. Reed bought 13,513 shares of the stock in a transaction on Friday, May 15th. The stock was acquired at an average price of $18.50 per share, with a total value of $249,990.50. Following the acquisition, the director directly owned 13,513 shares in the company, valued at approximately $249,990.50. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Wayne Wallace bought 250,000 shares of the stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director owned 250,000 shares in the company, valued at approximately $4,625,000. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have bought 518,918 shares of company stock valued at $9,599,983.