EagleRock Land (NYSE:EROK) Announces Earnings Results

EagleRock Land (NYSE:EROK) posted its quarterly earnings results on Tuesday. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03), Zacks reports. The business had revenue of $43.35 million during the quarter.

EagleRock Land Price Performance

EROK opened at $19.19 on Thursday. The firm’s 50-day moving average is $21.94. EagleRock Land has a 52 week low of $16.99 and a 52 week high of $27.42. The company has a market cap of $2.52 billion and a P/E ratio of 20.41.

Analyst Ratings Changes

Several brokerages recently issued reports on EROK. Weiss Ratings raised EagleRock Land from a “sell (e-)” rating to a “sell (e)” rating in a research note on Tuesday. Piper Sandler dropped their price target on EagleRock Land from $33.00 to $31.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. JPMorgan Chase & Co. dropped their price target on EagleRock Land from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Tuesday, October 13th. Barclays increased their price objective on shares of EagleRock Land from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, The Goldman Sachs Group lifted their price objective on shares of EagleRock Land from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $27.67.

EagleRock Land Company Profile

EagleRock Land, LLC is a land management royalty company which controls surface acreage in the core of the Permian Basin providing access to land, resources and infrastructure for critical industries. EagleRock Land, LLC is based in HOUSTON.