Stifel Nicolaus Begins Coverage on WhiteHawk Income (NYSE:WHK)

Key Points

• Stifel Nicolaus initiated coverage of WhiteHawk Income with a “buy” rating and a $32 price target, implying 13.19% upside from the prior close.
• Analyst sentiment is generally positive but mixed: WhiteHawk has an overall “Moderate Buy” consensus rating and an average price target of $32.40, alongside recent hold, neutral, and sell ratings.
• Several hedge funds, including Citadel Advisors, Alyeska Investment Group, and BlueCrest Capital Management, established new positions in WhiteHawk during the second quarter.

Stock analysts at Stifel Nicolaus began coverage on shares of WhiteHawk Income (NYSE:WHK - Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a "buy" rating and a $32.00 price target on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 13.19% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Research upgraded WhiteHawk Income to a "hold" rating in a research report on Tuesday, July 7th. Wall Street Zen cut WhiteHawk Income from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. JPMorgan Chase & Co. started coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a "neutral" rating and a $28.00 target price on the stock. Capital One Financial began coverage on WhiteHawk Income in a report on Monday, July 6th. They set an "overweight" rating and a $32.00 target price for the company. Finally, Weiss Ratings assumed coverage on WhiteHawk Income in a research report on Monday, August 31st. They issued a "sell (e)" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.40.

WhiteHawk Income Stock Performance

NYSE:WHK traded down $0.14 during trading hours on Thursday, reaching $28.27. 3,192 shares of the company's stock were exchanged, compared to its average volume of 154,407. WhiteHawk Income has a 12 month low of $25.34 and a 12 month high of $28.66. The stock has a 50-day moving average price of $26.57.

Institutional Trading of WhiteHawk Income

Hedge funds have recently modified their holdings of the business. Readystate Asset Management LP purchased a new position in shares of WhiteHawk Income during the second quarter valued at $696,000. BlueCrest Capital Management Ltd purchased a new stake in WhiteHawk Income in the 2nd quarter worth about $3,756,000. Alyeska Investment Group L.P. acquired a new stake in WhiteHawk Income during the 2nd quarter worth about $6,955,000. Finally, Citadel Advisors LLC acquired a new stake in WhiteHawk Income during the 2nd quarter worth about $10,215,000.

WhiteHawk Income Company Profile

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).

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.