EagleRock Land (NYSE:EROK) Upgraded by Texas Capital to “Strong-Buy” Rating

Texas Capital upgraded shares of EagleRock Land (NYSE:EROK) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Raymond James Financial began coverage on shares of EagleRock Land in a research note on Monday. They issued an “outperform” rating and a $25.00 target price on the stock. The Goldman Sachs Group began coverage on shares of EagleRock Land in a report on Monday. They issued a “neutral” rating and a $24.00 price target on the stock. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Stephens began coverage on shares of EagleRock Land in a report on Monday. They issued an “overweight” rating and a $28.00 price target on the stock. Finally, Piper Sandler began coverage on shares of EagleRock Land in a report on Monday. They issued an “overweight” rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $25.83.

EagleRock Land Stock Performance

Shares of NYSE EROK opened at $20.98 on Monday. EagleRock Land has a 52 week low of $20.55 and a 52 week high of $24.80.

Insider Activity at EagleRock Land

In related news, Director Stephanie L. Reed purchased 13,513 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $18.50 per share, for a total transaction of $249,990.50. Following the completion of the acquisition, the director directly owned 13,513 shares in the company, valued at approximately $249,990.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeff Slaughter Lott purchased 250,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of $18.50 per share, for a total transaction of $4,625,000.00. Following the acquisition, the director owned 250,000 shares of the company’s stock, valued at $4,625,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 518,918 shares of company stock worth $9,599,983.