WhiteHawk Income Corp. (NYSE:WHK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

WhiteHawk Income Corp. (NYSE:WHK) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.40.

A number of brokerages have recently issued reports on WHK. Wall Street Zen downgraded WhiteHawk Income from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Capital One Financial began coverage on WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set a “neutral” rating and a $28.00 target price for the company. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a report on Monday. They set a “sell (e)” rating for the company. Finally, Stephens assumed coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target on the stock.

WhiteHawk Income Stock Performance

Shares of WHK opened at $27.60 on Wednesday. WhiteHawk Income has a 12 month low of $25.34 and a 12 month high of $28.60. The stock’s 50-day moving average is $26.49.

WhiteHawk Income Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend was Monday, August 24th.

Institutional Trading of WhiteHawk Income

A hedge fund recently bought a new position in WhiteHawk Income stock. Readystate Asset Management LP acquired a new stake in WhiteHawk Income Corp. (NYSE:WHK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,000 shares of the company’s stock, valued at approximately $696,000. Readystate Asset Management LP owned approximately 0.09% of WhiteHawk Income as of its most recent SEC filing.

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).