WhiteHawk Income (NYSE:WHK) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded WhiteHawk Income from “hold” to “sell,” contrasting with the broader analyst consensus of “Moderate Buy” and an average price target of $31.40.
• Shares opened at $27.00 and were down 0.8%, trading near the stock’s 50-day moving average of $26.55 and within its $25.34–$28.60 one-year range.
• Institutional investor Alyeska Investment Group acquired 250,000 shares worth approximately $6.96 million, representing about 0.93% of WhiteHawk Income.

WhiteHawk Income (NYSE:WHK - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Other research analysts also recently issued reports about the company. Zacks Research raised WhiteHawk Income to a "hold" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. initiated 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 on the stock. Capital One Financial began coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They set an "overweight" rating and a $32.00 target price for the company. Stifel Nicolaus assumed coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued a "buy" rating and a $30.00 target price for the company. Finally, Stephens initiated coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an "overweight" rating and a $33.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.40.

WhiteHawk Income Trading Down 0.8%

NYSE WHK opened at $27.00 on Friday. The firm has a 50 day moving average price of $26.55. WhiteHawk Income has a 1-year low of $25.34 and a 1-year high of $28.60.

Institutional Investors Weigh In On WhiteHawk Income

An institutional investor recently bought a new stake in WhiteHawk Income stock. Alyeska Investment Group L.P. acquired a new position in shares of WhiteHawk Income Corp. (NYSE:WHK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 250,000 shares of the company's stock, valued at approximately $6,955,000. Alyeska Investment Group L.P. owned about 0.93% of WhiteHawk Income at the end of the most recent quarter.

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).

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