EagleRock Land (NYSE:EROK) Now Covered by Analysts at Stephens

Research analysts at Stephens started coverage on shares of EagleRock Land (NYSE:EROK) in a report released on Monday, Marketbeat.com reports. The firm set an “overweight” rating and a $28.00 price target on the stock. Stephens’ price objective suggests a potential upside of 27.50% from the company’s current price.

A number of other research analysts have also recently issued reports on the company. Barclays began coverage on EagleRock Land in a report on Monday. They issued an “overweight” rating and a $25.00 price target for the company. Wall Street Zen raised shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Piper Sandler initiated coverage on shares of EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $28.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $25.00 target price for the company. Finally, Raymond James Financial started coverage on shares of EagleRock Land in a research report on Monday. They set an “outperform” rating and a $25.00 target price on the stock. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, EagleRock Land currently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

EagleRock Land Price Performance

EagleRock Land stock traded up $0.59 on Monday, reaching $21.96. The company’s stock had a trading volume of 13,096 shares, compared to its average volume of 478,474. EagleRock Land has a twelve month low of $21.20 and a twelve month high of $24.80.

Insider Transactions at EagleRock Land

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