Readystate Asset Management LP Makes New $425,000 Investment in EagleRock Land, LLC $EROK

Readystate Asset Management LP acquired a new position in shares of EagleRock Land, LLC (NYSE:EROK) during the 2nd quarter, Holdings Channel reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $425,000.

Separately, Alyeska Investment Group L.P. purchased a new stake in EagleRock Land during the second quarter valued at $1,169,000.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EROK. Weiss Ratings initiated coverage on shares of EagleRock Land in a research note on Friday, August 14th. They issued a “sell (e)” rating for the company. Wall Street Zen upgraded shares of EagleRock Land to a “hold” rating in a research report on Saturday, May 23rd. Raymond James Financial began coverage on shares of EagleRock Land in a report on Monday, June 8th. They issued an “outperform” rating and a $25.00 price target for the company. Stephens assumed coverage on EagleRock Land in a research report on Monday, June 8th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Pickering Energy Partners started coverage on shares of EagleRock Land in a research report on Monday, June 8th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, EagleRock Land presently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

EagleRock Land Trading Up 1.6%

EROK opened at $26.26 on Wednesday. The company’s 50 day simple moving average is $23.26. EagleRock Land, LLC has a one year low of $19.75 and a one year high of $27.42.

EagleRock Land (NYSE:EROK) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.56). The company had revenue of $46.79 million during the quarter. The company’s quarterly revenue was up 74.0% compared to the same quarter last year. As a group, equities research analysts predict that EagleRock Land, LLC will post 3.18 earnings per share for the current year.

EagleRock Land Company Profile

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.