EagleRock Land, LLC (NYSE:EROK) Given Average Rating of “Moderate Buy” by Analysts

EagleRock Land, LLC (NYSE:EROK) has been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $25.8333.

EROK has been the topic of a number of recent analyst reports. Piper Sandler initiated coverage on EagleRock Land in a research report on Monday, June 8th. They issued an “overweight” rating and a $28.00 target price on the stock. Zacks Research raised EagleRock Land to a “hold” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. began coverage on EagleRock Land in a research report on Monday, June 8th. They issued an “overweight” rating and a $25.00 target price on the stock. Stephens assumed coverage on EagleRock Land in a report on Monday, June 8th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Barclays assumed coverage on EagleRock Land in a research note on Monday, June 8th. They set an “overweight” rating and a $25.00 price objective for the company.

Insiders Place Their Bets

In other news, Director Raj Kumar acquired 5,405 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired 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 directly owned 5,405 shares in the company, valued at $99,992.50. This represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeff Slaughter Lott acquired 250,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director owned 250,000 shares of the company’s stock, valued at approximately $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. In the last ninety days, insiders purchased 518,918 shares of company stock worth $9,599,983.

EagleRock Land Stock Performance

EagleRock Land stock opened at $21.24 on Monday. EagleRock Land has a one year low of $20.35 and a one year high of $24.80.