WhiteHawk Income (NYSE:WHK) Sets New 12-Month High - Should You Buy?

Key Points

• WhiteHawk Income reached a new 52-week high of $28.66, though shares later traded at $28.31, down 0.9%.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $32.40; individual targets range from $28 to $33.
• The company pays a quarterly dividend of $0.61 per share, equal to $2.44 annually and an 8.7% yield. Several hedge funds, including Citadel Advisors and Alyeska Investment Group, recently initiated positions.

WhiteHawk Income Corp. (NYSE:WHK - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $28.66 and last traded at $28.31, with a volume of 3192 shares trading hands. The stock had previously closed at $28.41.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of WhiteHawk Income to a "hold" rating in a research note on Tuesday, July 7th. Capital One Financial started coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an "overweight" rating and a $32.00 price target on the stock. Weiss Ratings initiated coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They set a "sell (e)" rating on the stock. Stephens initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They issued an "overweight" rating and a $33.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on WhiteHawk Income in a report on Monday, July 6th. They set a "neutral" rating and a $28.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, WhiteHawk Income presently has an average rating of "Moderate Buy" and a consensus price target of $32.40.

WhiteHawk Income Trading Down 0.9%

The business has a fifty day simple moving average of $26.57.

WhiteHawk Income Dividend Announcement

The company also recently disclosed 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 was Monday, August 24th. This represents a $2.44 annualized dividend and a dividend yield of 8.7%.

Institutional Investors Weigh In On WhiteHawk Income

Hedge funds have recently bought and sold shares of the company. Readystate Asset Management LP acquired a new position in WhiteHawk Income during the second quarter worth approximately $696,000. BlueCrest Capital Management Ltd acquired a new stake in shares of WhiteHawk Income in the second quarter valued at approximately $3,756,000. Alyeska Investment Group L.P. bought a new position in shares of WhiteHawk Income during the 2nd quarter worth approximately $6,955,000. Finally, Citadel Advisors LLC bought a new position in shares of WhiteHawk Income during the 2nd quarter worth approximately $10,215,000.

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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