EagleRock Land (NYSE:EROK) Announces Quarterly Earnings Results

EagleRock Land (NYSE:EROK) released its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03), Zacks reports. The firm had revenue of $43.35 million for the quarter.

EagleRock Land Trading Up 1.0%

Shares of EROK traded up $0.19 during mid-day trading on Tuesday, reaching $19.13. 178,549 shares of the stock traded hands, compared to its average volume of 254,386. The stock has a market cap of $2.52 billion and a price-to-earnings ratio of 20.35. The firm has a fifty day moving average of $22.07. EagleRock Land has a 12-month low of $16.99 and a 12-month high of $27.42.

Analyst Upgrades and Downgrades

EROK has been the topic of several recent research reports. Weiss Ratings lowered shares of EagleRock Land from a “sell (e)” rating to a “sell (e-)” rating in a report on Monday, October 19th. Piper Sandler lowered their price target on EagleRock Land from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Barclays raised their price objective on EagleRock Land from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. reduced their price objective on EagleRock Land from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 13th. Finally, The Goldman Sachs Group upped their target price on 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 given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.67.

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.