Analysts Set EagleRock Land, LLC (NYSE:EROK) Price Target at $25.83

EagleRock Land, LLC (NYSE:EROK) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.8333.

Several analysts recently weighed in on the company. Texas Capital raised EagleRock Land to a “strong-buy” rating in a report on Monday, June 8th. Piper Sandler assumed coverage on EagleRock Land in a report on Monday. They issued an “overweight” rating and a $28.00 price objective for the company. Wall Street Zen raised EagleRock Land to a “hold” rating in a report on Saturday, May 23rd. Barclays began coverage on EagleRock Land in a report on Monday, June 8th. They issued an “overweight” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on EagleRock Land in a report on Monday, June 8th. They set an “overweight” rating and a $25.00 target price for the company.

EagleRock Land Trading Up 1.1%

Shares of EagleRock Land stock opened at $21.24 on Monday. EagleRock Land has a fifty-two week low of $20.35 and a fifty-two week high of $24.80.

Insider Buying and Selling

In related news, Director Stephanie L. Reed bought 13,513 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $18.50 per share, with a total value of $249,990.50. Following the completion of the acquisition, the director owned 13,513 shares of the company’s stock, valued at $249,990.50. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raj Kumar acquired 5,405 shares of EagleRock Land stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $18.50 per share, with a total value of $99,992.50. Following the completion of the transaction, the director owned 5,405 shares of the company’s stock, valued at approximately $99,992.50. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 518,918 shares of company stock valued at $9,599,983 over the last three months.