WhiteHawk Income (NYSE:WHK) Given New $37.00 Price Target at Raymond James Financial

Key Points

• Raymond James raised WhiteHawk Income’s price target to $37 from $34 and maintained a “strong-buy” rating, implying approximately 32.28% upside from the previous close.
• Analyst views are mixed but generally positive: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $32.00, with ratings ranging from strong buy to sell.
• WhiteHawk shares recently traded at $27.97, near their 52-week high of $28.60, while Citadel Advisors, Alyeska Investment Group and Readystate Asset Management disclosed new stakes during the second quarter.

WhiteHawk Income (NYSE:WHK - Get Free Report) had its price target upped by investment analysts at Raymond James Financial from $34.00 to $37.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a "strong-buy" rating on the stock. Raymond James Financial's target price indicates a potential upside of 32.28% from the company's previous close.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set a "buy" rating and a $30.00 target price for the company. Capital One Financial initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued an "overweight" rating and a $32.00 target price for the company. JPMorgan Chase & Co. began coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a "neutral" rating and a $28.00 price target on the stock. Zacks Research upgraded WhiteHawk Income to a "hold" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings assumed coverage on WhiteHawk Income in a report on Monday. They set a "sell (e)" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $32.00.

WhiteHawk Income Price Performance

Shares of WhiteHawk Income stock traded up $0.42 during trading hours on Wednesday, reaching $27.97. The company had a trading volume of 23,814 shares, compared to its average volume of 152,723. The business has a fifty day moving average price of $26.49. WhiteHawk Income has a one year low of $25.34 and a one year high of $28.60.

Institutional Trading of WhiteHawk Income

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WHK. Readystate Asset Management LP purchased a new position in WhiteHawk Income during the second quarter valued at $696,000. Alyeska Investment Group L.P. bought a new stake in WhiteHawk Income during the second quarter worth about $6,955,000. Finally, Citadel Advisors LLC purchased a new stake in WhiteHawk Income in the second quarter worth about $10,215,000.

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).

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