EagleRock Land, LLC (NYSE:EROK – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $29.00 to $27.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. EagleRock Land traded as low as $19.68 and last traded at $19.75, with a volume of 8,434 shares. The stock had previously closed at $21.67.
EROK has been the subject of a number of other reports. Barclays increased their price target on EagleRock Land from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. The Goldman Sachs Group raised their price objective on EagleRock Land from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. Weiss Ratings started coverage on shares of EagleRock Land in a report on Friday, August 14th. They issued a “sell (e)” rating on the stock. Finally, Piper Sandler upped their target price on shares of EagleRock Land from $28.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, EagleRock Land presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.
Check Out Our Latest Analysis on EROK
Institutional Trading of EagleRock Land
EagleRock Land Stock Down 10.4%
The firm’s 50 day simple moving average is $23.85. The stock has a market capitalization of $2.55 billion and a price-to-earnings ratio of 20.66.
EagleRock Land (NYSE:EROK – Get Free Report) last posted its earnings results 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 company had revenue of $46.79 million during the quarter. The company’s revenue for the quarter was up 74.0% compared to the same quarter last year. As a group, sell-side analysts expect that EagleRock Land, LLC will post 3.18 earnings per share for the current year.
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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