WhiteHawk Income (NYSE:WHK) Shares Gap Up – Still a Buy?

WhiteHawk Income Corp. (NYSE:WHK) gapped up before the market opened on Tuesday . The stock had previously closed at $26.52, but opened at $27.57. WhiteHawk Income shares last traded at $27.56, with a volume of 8,680 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on WHK. Raymond James Financial began coverage on WhiteHawk Income in a research report on Tuesday, July 7th. They issued a “strong-buy” rating and a $34.00 target price for the company. Wall Street Zen lowered shares of WhiteHawk Income from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Capital One Financial assumed coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $32.00 price target for the company. Stifel Nicolaus began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set a “buy” rating and a $30.00 price target for the company. Finally, Stephens assumed coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They set 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 given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, WhiteHawk Income currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.40.

WhiteHawk Income Stock Up 0.1%

The business has a 50 day moving average of $26.49.

WhiteHawk Income Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.44 annualized dividend and a dividend yield of 8.9%.

Institutional Investors Weigh In On WhiteHawk Income

A hedge fund recently bought a new stake in WhiteHawk Income stock. Readystate Asset Management LP acquired a new stake in shares of WhiteHawk Income Corp. (NYSE:WHK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 25,000 shares of the company’s stock, valued at approximately $696,000. Readystate Asset Management LP owned approximately 0.09% of WhiteHawk Income at the end of the most recent quarter.

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).