WhiteHawk Income (NYSE:WHK – Get Free Report) posted its earnings results on Wednesday. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.61), Zacks reports.
WhiteHawk Income Stock Down 1.5%
Shares of WhiteHawk Income stock traded down $0.41 during mid-day trading on Wednesday, hitting $26.05. 81,425 shares of the stock were exchanged, compared to its average volume of 165,935. WhiteHawk Income has a 12 month low of $25.34 and a 12 month high of $28.60. The firm’s 50-day moving average is $26.58.
Analysts Set New Price Targets
WHK has been the subject of a number of recent research reports. JPMorgan Chase & Co. started coverage on WhiteHawk Income in a report on Monday, July 6th. They set a “neutral” rating and a $28.00 price objective for the company. Wall Street Zen raised WhiteHawk Income to a “hold” rating in a research report on Saturday, June 13th. Stifel Nicolaus initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They set a “buy” rating and a $30.00 price target for the company. Stephens initiated coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target for the company. Finally, Raymond James Financial started coverage on WhiteHawk Income in a research note on Tuesday, July 7th. They set a “strong-buy” rating and a $34.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, WhiteHawk Income has an average rating of “Moderate Buy” and an average target price of $31.40.
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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