EagleRock Land (NYSE:EROK – Get Free Report) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $29.00 to $27.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 30.94% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Piper Sandler lifted their target price on shares of EagleRock Land from $28.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Barclays boosted their target price on EagleRock Land from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings assumed coverage on EagleRock Land in a report on Friday, August 14th. They issued a “sell (e)” rating for the company. Finally, The Goldman Sachs Group increased their price target on EagleRock Land from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.00.
View Our Latest Stock Analysis on EROK
EagleRock Land Stock Performance
EagleRock Land (NYSE:EROK – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.56). The company had revenue of $46.79 million for the quarter. The company’s quarterly revenue was up 74.0% compared to the same quarter last year. As a group, equities analysts forecast that EagleRock Land will post 3.18 earnings per share for the current year.
Hedge Funds Weigh In On EagleRock Land
Institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in EagleRock Land in the second quarter valued at about $324,000. Readystate Asset Management LP bought a new position in shares of EagleRock Land during the 2nd quarter valued at approximately $425,000. HighTower Advisors LLC purchased a new stake in shares of EagleRock Land during the 2nd quarter worth approximately $956,000. Caz Investments LP purchased a new stake in shares of EagleRock Land during the 2nd quarter worth approximately $1,062,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of EagleRock Land during the 2nd quarter worth approximately $1,169,000.
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.
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