WhiteHawk Income Corp.’s Quiet Period Set To Expire Tomorrow (NYSE:WHK)

WhiteHawk Income’s (NYSE:WHK) quiet period is set to end on Monday, July 20th. WhiteHawk Income had issued 7,700,000 shares in its IPO on June 9th. The total size of the offering was $200,200,000 based on an initial share price of $26.00. During WhiteHawk Income’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Zacks Research raised shares of WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded shares of WhiteHawk Income to a “hold” rating in a research note on Saturday, June 13th. Raymond James Financial began coverage on shares of WhiteHawk Income in a report on Tuesday, July 7th. They issued a “strong-buy” rating and a $34.00 price target for the company. Capital One Financial initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $32.00 price target for the company. Finally, Stephens assumed coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

WhiteHawk Income Stock Down 1.3%

Shares of WHK opened at $25.64 on Friday. WhiteHawk Income has a 12-month low of $25.49 and a 12-month high of $28.60.

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).