Caz Investments LP purchased a new stake in EagleRock Land, LLC (NYSE:EROK - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 50,000 shares of the company's stock, valued at approximately $1,062,000. EagleRock Land comprises about 1.1% of Caz Investments LP's portfolio, making the stock its 12th largest holding.
EagleRock Land Stock Down 1.0%
Shares of NYSE EROK opened at $24.50 on Friday. EagleRock Land, LLC has a 1 year low of $19.75 and a 1 year high of $27.42. The stock has a 50-day moving average price of $22.60.
EagleRock Land (NYSE:EROK - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.56). The firm had revenue of $46.79 million during the quarter. The business's quarterly revenue was up 74.0% compared to the same quarter last year. On average, sell-side analysts predict that EagleRock Land, LLC will post 0.97 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Piper Sandler 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. JPMorgan Chase & Co. started coverage on EagleRock Land in a report on Monday, June 8th. They set an "overweight" rating and a $25.00 price target on the stock. Texas Capital upgraded EagleRock Land to a "strong-buy" rating in a research report on Monday, June 8th. Barclays lifted their price objective on shares of EagleRock Land from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Finally, Stephens initiated coverage on shares of EagleRock Land in a research report on Monday, June 8th. They set an "overweight" rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.83.
Read Our Latest Stock Report on EagleRock Land
EagleRock Land Company Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding EROK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EagleRock Land, LLC (NYSE:EROK - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider EagleRock Land, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EagleRock Land wasn't on the list.
While EagleRock Land currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
