EagleRock Land (NYSE:EROK) Price Target Raised to $28.00

EagleRock Land (NYSE:EROK) had its price target hoisted by The Goldman Sachs Group from $24.00 to $28.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms also recently commented on EROK. Stephens assumed coverage on EagleRock Land in a research note on Monday, June 8th. They issued an “overweight” rating and a $28.00 price objective for the company. Weiss Ratings assumed coverage on shares of EagleRock Land in a research note on Friday, August 14th. They set a “sell (e)” rating on the stock. Wall Street Zen raised shares of EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Raymond James Financial initiated coverage on shares of EagleRock Land in a research report on Monday, June 8th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Zacks Research raised shares of EagleRock Land to a “hold” rating in a research note on Tuesday, June 9th. One investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.83.

EagleRock Land Stock Down 0.1%

Shares of EagleRock Land stock opened at $26.57 on Friday. The firm’s 50 day moving average price is $22.14. EagleRock Land has a 12 month low of $19.75 and a 12 month high of $27.42.

EagleRock Land (NYSE:EROK) last released its earnings results on Tuesday, August 11th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.56). The firm had revenue of $46.79 million during the quarter. EagleRock Land’s revenue was up 74.0% on a year-over-year basis. As a group, equities research analysts anticipate that EagleRock Land will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On EagleRock Land

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. purchased a new stake in EagleRock Land in the 2nd quarter valued at $1,169,000. Caz Investments LP purchased a new position in shares of EagleRock Land during the 2nd quarter worth $1,062,000. Finally, Readystate Asset Management LP purchased a new position in shares of EagleRock Land during the 2nd quarter worth $425,000.

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.