HighTower Advisors LLC purchased a new stake in EagleRock Land, LLC (NYSE:EROK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,000 shares of the company's stock, valued at approximately $956,000.
Other large investors have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. acquired a new position in EagleRock Land in the 2nd quarter valued at $1,169,000. Caz Investments LP bought a new stake in shares of EagleRock Land during the 2nd quarter valued at $1,062,000. Finally, Readystate Asset Management LP acquired a new stake in shares of EagleRock Land during the 2nd quarter worth $425,000.
EagleRock Land Price Performance
Shares of EROK opened at $24.02 on Tuesday. The company's 50 day moving average price is $23.59. EagleRock Land, LLC has a one year low of $19.75 and a one year high of $27.42.
EagleRock Land (NYSE:EROK - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.29) earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.56). The business had revenue of $46.79 million during the quarter. The firm's revenue for the quarter was up 74.0% compared to the same quarter last year. On average, sell-side analysts anticipate that EagleRock Land, LLC will post 3.18 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on EROK shares. Wall Street Zen upgraded EagleRock Land to a "hold" rating in a research report on Saturday, May 23rd. Texas Capital raised shares of EagleRock Land to a "strong-buy" rating in a research report on Monday, June 8th. Weiss Ratings assumed coverage on shares of EagleRock Land in a research report on Friday, August 14th. They set a "sell (e)" rating for the company. Stephens assumed coverage on shares of EagleRock Land in a research note on Monday, June 8th. They set an "overweight" rating and a $28.00 price objective on the stock. Finally, Zacks Research raised shares of EagleRock Land to a "hold" rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.67.
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About EagleRock Land
(
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.
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