EagleRock Land (NYSE:EROK) Rating Increased to Hold at Zacks Research

EagleRock Land (NYSE:EROK) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on EROK. Wall Street Zen upgraded EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Raymond James Financial assumed coverage on EagleRock Land in a research report on Monday. They set an “outperform” rating and a $25.00 target price on the stock. Stephens assumed coverage on EagleRock Land in a report on Monday. They set an “overweight” rating and a $28.00 price target for the company. JPMorgan Chase & Co. initiated coverage on EagleRock Land in a report on Monday. They set an “overweight” rating and a $25.00 price target for the company. Finally, Pickering Energy Partners assumed coverage on EagleRock Land in a research note on Monday. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, EagleRock Land has an average rating of “Moderate Buy” and a consensus price target of $25.83.

EagleRock Land Stock Down 2.1%

EagleRock Land stock opened at $20.42 on Tuesday. EagleRock Land has a 12-month low of $20.35 and a 12-month high of $24.80.

Insider Buying and Selling

In other news, Director Michael Wayne Wallace bought 250,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $18.50 per share, for a total transaction of $4,625,000.00. Following the completion of the acquisition, the director owned 250,000 shares of the company’s stock, valued at approximately $4,625,000. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephanie L. Reed purchased 13,513 shares of the company’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 $249,990.50. Following the transaction, the director directly owned 13,513 shares in the company, valued at $249,990.50. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 518,918 shares of company stock valued at $9,599,983 in the last 90 days.