WhiteHawk Income (NYSE:WHK) Releases Quarterly Earnings Results, Misses Expectations By $0.61 EPS

WhiteHawk Income (NYSE:WHK) released its earnings results on Wednesday. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.61), Zacks reports.

WhiteHawk Income Price Performance

Shares of WhiteHawk Income stock traded down $0.41 on Wednesday, hitting $26.05. 81,425 shares of the company were exchanged, compared to its average volume of 165,935. The stock’s 50-day moving average is $26.58. WhiteHawk Income has a 1-year low of $25.34 and a 1-year high of $28.60.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WHK. Capital One Financial started coverage on WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. started coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued a “neutral” rating and a $28.00 target price on the stock. Raymond James Financial started coverage on WhiteHawk Income in a research note on Tuesday, July 7th. They issued a “strong-buy” rating and a $34.00 price target on the stock. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised WhiteHawk Income to a “hold” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $31.40.

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).