Wall Street Zen Downgrades WhiteHawk Income (NYSE:WHK) to Sell

WhiteHawk Income (NYSE:WHK) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other analysts have also recently issued reports about the company. Stephens began coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $33.00 price objective on the stock. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Raymond James Financial started coverage on WhiteHawk Income in a research report on Tuesday, July 7th. They issued a “strong-buy” rating and a $34.00 price target on the stock. JPMorgan Chase & Co. began coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, Stifel Nicolaus began coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a “buy” rating and a $30.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.40.

WhiteHawk Income Price Performance

Shares of WHK stock opened at $27.00 on Friday. WhiteHawk Income has a 52 week low of $25.34 and a 52 week high of $28.60. The firm has a 50 day simple moving average of $26.55.

Institutional Trading of WhiteHawk Income

An institutional investor recently bought a new position in WhiteHawk Income stock. Alyeska Investment Group L.P. acquired a new stake in WhiteHawk Income Corp. (NYSE:WHK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

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).