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

Zacks Research upgraded shares of EagleRock Land (NYSE:EROK) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

EROK has been the subject of several other research reports. Barclays began coverage on shares of EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $25.00 price objective for the company. The Goldman Sachs Group began coverage on shares of EagleRock Land in a research note on Monday. They issued a “neutral” rating and a $24.00 price objective for the company. Stephens began coverage on shares of EagleRock Land in a research note on Monday. They issued an “overweight” rating and a $28.00 price objective for the company. Pickering Energy Partners assumed coverage on shares of EagleRock Land in a research note on Monday. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of EagleRock Land in a research note on Monday. They set an “overweight” rating and a $25.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, EagleRock Land presently has an average rating of “Moderate Buy” and an average price target of $25.83.

EagleRock Land Stock Performance

NYSE:EROK opened at $20.42 on Tuesday. EagleRock Land has a twelve month low of $20.35 and a twelve month high of $24.80.

Insider Activity

In other news, Director Michael Wayne Wallace acquired 250,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director directly owned 250,000 shares of the company’s stock, valued at $4,625,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephanie L. Reed acquired 13,513 shares of the business’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 518,918 shares of company stock valued at $9,599,983 over the last quarter.