Raymond James Financial Forecasts Strong Price Appreciation for WhiteHawk Income (NYSE:WHK) Stock

WhiteHawk Income (NYSE:WHK) had its price objective raised by analysts at Raymond James Financial from $34.00 to $37.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target points to a potential upside of 32.28% from the stock’s previous close.

Several other brokerages also recently issued reports on WHK. Wall Street Zen downgraded shares of WhiteHawk Income from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Stephens initiated coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price objective for the company. Weiss Ratings began coverage on WhiteHawk Income in a research report on Monday. They issued a “sell (e)” rating on the stock. Capital One Financial assumed coverage on WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $32.00 target price on the stock. Finally, Stifel Nicolaus began coverage on WhiteHawk Income in a report on Monday, July 6th. They issued a “buy” rating and a $30.00 target price for the company. One 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.00.

WhiteHawk Income Price Performance

WhiteHawk Income stock traded up $0.42 during mid-day trading on Wednesday, reaching $27.97. The stock had a trading volume of 23,814 shares, compared to its average volume of 152,723. The company’s 50-day moving average price is $26.49. WhiteHawk Income has a one year low of $25.34 and a one year high of $28.60.

Institutional Investors Weigh In On WhiteHawk Income

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WHK. Citadel Advisors LLC purchased a new stake in WhiteHawk Income in the 2nd quarter worth $10,215,000. Readystate Asset Management LP purchased a new position in shares of WhiteHawk Income in the second quarter valued at about $696,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of WhiteHawk Income in the second quarter worth about $6,955,000.

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).