EagleRock Land (NYSE:EROK) Upgraded to Strong-Buy at Piper Sandler

Piper Sandler upgraded shares of EagleRock Land (NYSE:EROK) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Several other equities research analysts also recently commented on EROK. JPMorgan Chase & Co. initiated coverage on shares of EagleRock Land in a research report on Monday. They set an “overweight” rating and a $25.00 target price for the company. Pickering Energy Partners initiated coverage on shares of EagleRock Land in a report on Monday. They issued an “outperform” rating on the stock. Barclays initiated coverage on shares of EagleRock Land in a report on Monday. They issued an “overweight” rating and a $25.00 target price on the stock. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Finally, Raymond James Financial initiated coverage on shares of EagleRock Land in a report on Monday. They issued an “outperform” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $25.83.

EagleRock Land Price Performance

NYSE:EROK opened at $21.16 on Monday. EagleRock Land has a 12 month low of $21.00 and a 12 month high of $24.80.

Insider Buying and Selling at EagleRock Land

In other news, Director Jeff Slaughter Lott purchased 250,000 shares of the business’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 completion of the acquisition, the director owned 250,000 shares in the company, valued at $4,625,000. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raj Kumar purchased 5,405 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $18.50 per share, for a total transaction of $99,992.50. Following the completion of the acquisition, the director owned 5,405 shares of the company’s stock, valued at $99,992.50. The trade was a ? increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 518,918 shares of company stock worth $9,599,983.