WhiteHawk Income Corp. (NYSE:WHK) Receives $31.40 Consensus Target Price from Analysts

WhiteHawk Income Corp. (NYSE:WHK) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have issued 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.

Several research firms have recently issued reports on WHK. Stifel Nicolaus started coverage on WhiteHawk Income in a research note on Monday, July 6th. They set a “buy” rating and a $30.00 target price on the stock. JPMorgan Chase & Co. started coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued a “neutral” rating and a $28.00 price target for the company. Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded shares of WhiteHawk Income from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Capital One Financial began coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $32.00 price objective on the stock.

Hedge Funds Weigh In On WhiteHawk Income

An institutional investor recently bought a new position in WhiteHawk Income stock. Readystate Asset Management LP acquired a new position in WhiteHawk Income Corp. (NYSE:WHK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,000 shares of the company’s stock, valued at approximately $696,000. Readystate Asset Management LP owned 0.09% of WhiteHawk Income at the end of the most recent reporting period.

WhiteHawk Income Price Performance

WHK opened at $26.57 on Wednesday. WhiteHawk Income has a one year low of $25.34 and a one year high of $28.60. The firm’s 50 day simple moving average is $26.49.

WhiteHawk Income Dividend Announcement

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