EagleRock Land (NYSE:EROK) Stock Rating Upgraded by Zacks Research

EagleRock Land (NYSE:EROK) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on EROK. Pickering Energy Partners started coverage on EagleRock Land in a research report on Monday. They issued an “outperform” rating on the stock. The Goldman Sachs Group started coverage on EagleRock Land in a research report on Monday. They issued a “neutral” rating and a $24.00 price objective on the stock. Wall Street Zen raised EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Texas Capital raised EagleRock Land to a “strong-buy” rating in a research report on Monday. Finally, Stephens started coverage on EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.83.

EagleRock Land Trading Down 2.1%

EROK stock opened at $20.42 on Tuesday. EagleRock Land has a 1-year low of $20.35 and a 1-year high of $24.80.

Insider Transactions at EagleRock Land

In other news, Director Raj Kumar purchased 5,405 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $18.50 per share, with a total value of $99,992.50. Following the transaction, the director directly owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeff Slaughter Lott purchased 250,000 shares of the company’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 $4,625,000.00. Following the transaction, the director directly owned 250,000 shares in the company, valued at approximately $4,625,000. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 518,918 shares of company stock worth $9,599,983 over the last quarter.