WhiteHawk Income Corp. (NYSE:WHK) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on WhiteHawk Income, with three buy ratings, one strong-buy rating and two holds. The average 12-month price target is $31.40, above the reported share price of $26.63.
• Recent coverage includes price targets ranging from $28 to $34, while Wall Street Zen downgraded the stock from hold to sell.
• WhiteHawk announced a quarterly dividend of $0.61 per share, or $2.44 annualized, representing a reported 9.2% yield; Readystate Asset Management also acquired 25,000 shares worth approximately $696,000.

WhiteHawk Income Corp. (NYSE:WHK - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.40.

A number of equities research analysts have weighed in on the company. Capital One Financial began coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an "overweight" rating and a $32.00 price objective for the company. Wall Street Zen lowered shares of WhiteHawk Income from a "hold" rating to a "sell" rating in a research report on Saturday. JPMorgan Chase & Co. initiated coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued a "neutral" rating and a $28.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued a "buy" rating and a $30.00 price target for the company. Finally, Raymond James Financial started coverage on shares of WhiteHawk Income in a research note on Tuesday, July 7th. They set a "strong-buy" rating and a $34.00 price target for the company.

Institutional Trading of WhiteHawk Income

An institutional investor recently bought a new position in WhiteHawk Income stock. Readystate Asset Management LP bought a new stake in WhiteHawk Income Corp. (NYSE:WHK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company's stock, valued at approximately $696,000. Readystate Asset Management LP owned about 0.09% of WhiteHawk Income at the end of the most recent quarter.

WhiteHawk Income Trading Up 1.6%

NYSE:WHK opened at $26.63 on Wednesday. WhiteHawk Income has a 52-week low of $25.34 and a 52-week high of $28.60. The stock's 50 day moving average price is $26.53.

WhiteHawk Income Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.61 per share. The ex-dividend date is Monday, August 24th. This represents a $2.44 annualized dividend and a dividend yield of 9.2%.

WhiteHawk Income Company Profile

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).

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