EagleRock Land (NYSE:EROK) Raised to Moderate Buy at Raymond James Financial

EagleRock Land (NYSE:EROK) was upgraded by investment analysts at Raymond James Financial to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Wall Street Zen raised shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Pickering Energy Partners assumed coverage on shares of EagleRock Land in a report on Monday. They set an “outperform” rating for the company. Stephens initiated coverage on shares of EagleRock Land in a report on Monday. They set an “overweight” rating and a $28.00 price objective for the company. Barclays initiated coverage on shares of EagleRock Land in a report on Monday. They issued an “overweight” rating and a $25.00 price target for the company. Finally, Piper Sandler initiated coverage on shares of EagleRock Land in a report on Monday. They issued an “overweight” rating and a $28.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, EagleRock Land has a consensus rating of “Buy” and a consensus price target of $25.83.

EagleRock Land Stock Performance

EROK opened at $21.16 on Monday. EagleRock Land has a 52 week low of $21.00 and a 52 week high of $24.80.

Insider Buying and Selling at EagleRock Land

In other EagleRock Land news, Director Jeff Slaughter Lott purchased 250,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director owned 250,000 shares in the company, valued at approximately $4,625,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Wayne Wallace purchased 250,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the acquisition, the director owned 250,000 shares in the company, valued at $4,625,000. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 518,918 shares of company stock worth $9,599,983 in the last 90 days.