Wall Street Zen lowered shares of EagleRock Land (NYSE:EROK – Free Report) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.
EROK has been the subject of several other research reports. Barclays lifted their target price on shares of EagleRock Land from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Piper Sandler decreased their price target on shares of EagleRock Land from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on shares of EagleRock Land from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Weiss Ratings raised shares of EagleRock Land from a “sell (e-)” rating to a “sell (e)” rating in a report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on shares of EagleRock Land from $24.00 to $28.00 and gave the stock 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.33.
View Our Latest Research Report on EROK
EagleRock Land Stock Performance
EROK stock opened at $19.78 on Friday. The stock’s fifty day moving average is $21.72. EagleRock Land has a one year low of $16.99 and a one year high of $27.42. The company has a market capitalization of $2.60 billion and a PE ratio of 21.04.
EagleRock Land (NYSE:EROK – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $43.35 million for the quarter. Research analysts expect that EagleRock Land will post 1.39 EPS for the current fiscal year.
Hedge Funds Weigh In On EagleRock Land
Several institutional investors and hedge funds have recently modified their holdings of the business. Schwartz Investment Counsel Inc. raised its stake in EagleRock Land by 18.8% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 579,996 shares of the company’s stock worth $12,064,000 after purchasing an additional 91,881 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of EagleRock Land in the second quarter worth about $11,675,000. Alyeska Investment Group L.P. bought a new position in shares of EagleRock Land in the second quarter worth about $1,169,000. Caz Investments LP acquired a new stake in shares of EagleRock Land in the 2nd quarter valued at approximately $1,062,000. Finally, HighTower Advisors LLC acquired a new stake in shares of EagleRock Land in the 2nd quarter valued at approximately $956,000.
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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