EagleRock Land (NYSE:EROK) Stock Rating Cut to “Sell” at Wall Street Zen

by · The Markets Daily

EagleRock Land (NYSE:EROK – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other brokerages also recently weighed in on EROK. Barclays boosted their price target on EagleRock Land from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. The Goldman Sachs Group upped their price target on shares of EagleRock Land from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Piper Sandler decreased their price objective on shares of EagleRock Land from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday. Weiss Ratings raised shares of EagleRock Land from a “sell (e-)” rating to a “sell (e)” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on EagleRock Land from $29.00 to $27.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.33.

Check Out Our Latest Research Report on EROK

EagleRock Land Price Performance

Shares of EROK opened at $19.78 on Friday. The firm has a 50-day moving average of $21.72. EagleRock Land has a 52-week low of $16.99 and a 52-week high of $27.42.

EagleRock Land (NYSE:EROK – Get Free Report) last released its earnings results 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 during the quarter. Equities research analysts expect that EagleRock Land will post 1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Islay Capital Management LLC lifted its position in EagleRock Land by 62.7% in the third quarter. Islay Capital Management LLC now owns 12,200 shares of the company’s stock worth $254,000 after purchasing an additional 4,700 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of EagleRock Land during the third quarter valued at approximately $262,000. Squarepoint Ops LLC bought a new position in EagleRock Land in the second quarter worth approximately $324,000. Readystate Asset Management LP bought a new position in shares of EagleRock Land during the 2nd quarter worth $425,000. Finally, HighTower Advisors LLC purchased a new stake in shares of EagleRock Land during the second quarter worth $956,000.

EagleRock Land Company Profile

(Get Free Report)

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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