EagleRock Land (NYSE:EROK – Get Free Report) had its target price raised by stock analysts at Piper Sandler from $28.00 to $33.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 32.48% from the company’s previous close.
EROK has been the topic of a number of other reports. 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 research report on Wednesday, August 12th. Weiss Ratings began coverage on shares of EagleRock Land in a research report on Friday, August 14th. They set a “sell (e)” rating for the company. Pickering Energy Partners initiated coverage on shares of EagleRock Land in a research note on Monday, June 8th. They set an “outperform” rating for the company. Texas Capital raised EagleRock Land to a “strong-buy” rating in a report on Monday, June 8th. Finally, Zacks Research upgraded EagleRock Land to a “hold” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, EagleRock Land has an average rating of “Moderate Buy” and a consensus price target of $27.67.
Check Out Our Latest Report on EagleRock Land
EagleRock Land Stock Down 1.9%
EagleRock Land (NYSE:EROK – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.56). The firm had revenue of $46.79 million during the quarter. The firm’s revenue for the quarter was up 74.0% on a year-over-year basis. Analysts expect that EagleRock Land will post 0.97 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Caz Investments LP purchased a new position in shares of EagleRock Land during the second quarter worth about $1,062,000. HighTower Advisors LLC purchased a new stake in shares of EagleRock Land in the 2nd quarter valued at about $956,000. Readystate Asset Management LP acquired a new stake in shares of EagleRock Land in the 2nd quarter valued at about $425,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of EagleRock Land in the 2nd quarter valued at about $1,169,000.
About EagleRock Land
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.
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