WhiteHawk Income (NYSE:WHK) Coverage Initiated at Stifel Nicolaus

Investment analysts at Stifel Nicolaus initiated coverage on shares of WhiteHawk Income (NYSE:WHK) in a research note issued on Thursday. The firm set a “buy” rating and a $32.00 price target on the stock. Stifel Nicolaus’ price objective points to a potential upside of 13.19% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set a “neutral” rating and a $28.00 target price for the company. Raymond James Financial upped their price target on shares of WhiteHawk Income from $34.00 to $37.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 2nd. Wall Street Zen lowered WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Capital One Financial started coverage on WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $32.00 price objective for the company. Finally, Stephens started coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $33.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.40.

WhiteHawk Income Stock Performance

WHK traded down $0.14 on Thursday, reaching $28.27. 3,192 shares of the company traded hands, compared to its average volume of 154,407. The business has a 50 day moving average price of $26.57. WhiteHawk Income has a 52-week low of $25.34 and a 52-week high of $28.66.

Institutional Investors Weigh In On WhiteHawk Income

A number of large investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. acquired a new position in WhiteHawk Income during the second quarter valued at approximately $6,955,000. Readystate Asset Management LP bought a new position in shares of WhiteHawk Income in the second quarter valued at approximately $696,000. Citadel Advisors LLC acquired a new stake in shares of WhiteHawk Income in the second quarter worth $10,215,000. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of WhiteHawk Income in the second quarter worth $3,756,000.

About WhiteHawk Income

WhiteHawk is focused on being the premier natural gas mineral and royalty business in the United States. We are committed to delivering cash flow and total returns to our investors through the disciplined acquisition, active management and ownership of high-quality mineral and royalty interests. Our assets are concentrated in the Marcellus and Haynesville Shales, which are located in the Appalachian and Haynesville Basins, which are among the most productive and lowest-cost U.S. natural gas basins(1).