EagleRock Land, LLC (NYSE:EROK) Short Interest Update

EagleRock Land, LLC (NYSE:EROK) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 596,283 shares, an increase of 81.2% from the May 31st total of 329,123 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 272,362 shares, the days-to-cover ratio is presently 2.2 days.

Insiders Place Their Bets

In related news, Director Raj Kumar purchased 5,405 shares of EagleRock Land stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, with a total value of $99,992.50. Following the purchase, the director owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeff Slaughter Lott bought 250,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased 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 of the company’s stock, valued at $4,625,000. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 518,918 shares of company stock worth $9,599,983 over the last ninety days.

Analyst Upgrades and Downgrades

EROK has been the topic of a number of recent research reports. Barclays started coverage on shares of EagleRock Land in a research note on Monday, June 8th. They set an “overweight” rating and a $25.00 price target on the stock. Texas Capital upgraded EagleRock Land to a “strong-buy” rating in a research note on Monday, June 8th. Raymond James Financial assumed coverage on shares of EagleRock Land in a research report on Monday, June 8th. They set an “outperform” rating and a $25.00 price objective for the company. Pickering Energy Partners started coverage on EagleRock Land in a report on Monday, June 8th. They issued an “outperform” rating for the company. Finally, Zacks Research upgraded EagleRock Land to a “hold” rating in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.83.

EagleRock Land Stock Up 1.3%

Shares of EROK opened at $20.78 on Friday. EagleRock Land has a twelve month low of $19.75 and a twelve month high of $24.80.