EagleRock Land (NYSE:EROK) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. assumed coverage on shares of EagleRock Land (NYSE:EROK) in a research report issued to clients and investors on Monday. The brokerage set an “overweight” rating and a $25.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 16.50% from the company’s current price.

Several other analysts have also issued reports on EROK. The Goldman Sachs Group assumed coverage on shares of EagleRock Land in a research report on Monday. They set a “neutral” rating and a $24.00 price target on the stock. Wall Street Zen upgraded EagleRock Land to a “hold” rating in a research note on Saturday, May 23rd. Piper Sandler initiated coverage on EagleRock Land in a research report on Monday. They issued an “overweight” rating and a $28.00 price objective for the company. Barclays started coverage on EagleRock Land in a research note on Monday. They set an “overweight” rating and a $25.00 target price for the company. Finally, Raymond James Financial started coverage on EagleRock Land in a report on Monday. They set an “outperform” rating and a $25.00 target price on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.40.

EagleRock Land Stock Up 0.4%

Shares of EROK stock opened at $21.46 on Monday. EagleRock Land has a 12 month low of $21.20 and a 12 month high of $24.80.

Insider Buying and Selling

In other news, Director Michael Wayne Wallace acquired 250,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $18.50 per share, with a total value of $4,625,000.00. Following the completion of the purchase, the director directly owned 250,000 shares of the company’s stock, valued at $4,625,000. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephanie L. Reed acquired 13,513 shares of EagleRock Land stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $18.50 per share, for a total transaction of $249,990.50. Following the completion of the purchase, the director directly owned 13,513 shares of the company’s stock, valued at $249,990.50. This represents a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 518,918 shares of company stock valued at $9,599,983.