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

Shares of WhiteHawk Income Corp. (NYSE:WHK) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $31.40.

WHK has been the subject of several recent analyst reports. Stephens began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $33.00 target price for the company. JPMorgan Chase & Co. started coverage on WhiteHawk Income in a research note on Monday, July 6th. They set a “neutral” rating and a $28.00 price target on the stock. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Stifel Nicolaus began coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Wall Street Zen lowered WhiteHawk Income from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd.

Hedge Funds Weigh In On WhiteHawk Income

An institutional investor recently bought a new position in WhiteHawk Income stock. Alyeska Investment Group L.P. acquired a new position in shares of WhiteHawk Income Corp. (NYSE:WHK) in the second quarter, according to its most recent 13F filing with the SEC. 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 SEC filing.

WhiteHawk Income Stock Up 0.2%

NYSE:WHK opened at $26.57 on Wednesday. The firm has a 50 day moving average price of $26.49. WhiteHawk Income has a 1-year low of $25.34 and a 1-year high of $28.60.

WhiteHawk Income Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were issued a $0.61 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.44 annualized dividend and a yield of 9.2%.

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).