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

EagleRock Land, LLC (NYSE:EROK) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.8333.

Several analysts recently weighed in on the company. Stephens started coverage on EagleRock Land in a report on Monday, June 8th. They issued an “overweight” rating and a $28.00 price objective for the company. Piper Sandler assumed coverage on EagleRock Land in a report on Monday, June 8th. They set 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, June 8th. They issued an “outperform” rating and a $25.00 target price for the company. Barclays assumed coverage on EagleRock Land in a report on Monday, June 8th. They issued an “overweight” rating and a $25.00 price target for the company. Finally, Wall Street Zen raised EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd.

Insider Buying and Selling at EagleRock Land

In other EagleRock Land news, Director Jeff Slaughter Lott purchased 250,000 shares of EagleRock Land 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 transaction, the director owned 250,000 shares in the company, valued at $4,625,000. This represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raj Kumar purchased 5,405 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $18.50 per share, with a total value of $99,992.50. Following the completion of the acquisition, the director directly owned 5,405 shares in the company, valued at approximately $99,992.50. This trade represents a ? increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 518,918 shares of company stock worth $9,599,983 in the last ninety days.

EagleRock Land Stock Down 0.3%

EROK opened at $22.09 on Tuesday. The business has a 50-day moving average of $21.53. EagleRock Land has a 1-year low of $19.75 and a 1-year high of $24.80.