WhiteHawk Income (NYSE:WHK) Shares Gap Up – Should You Buy?

WhiteHawk Income Corp. (NYSE:WHK) shares gapped up prior to trading 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.

Analysts Set New Price Targets

Several research firms recently weighed in on WHK. Stifel Nicolaus began coverage on WhiteHawk Income in a research note on Monday, July 6th. They set a “buy” rating and a $30.00 target price for the company. Stephens began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target on the stock. Capital One Financial assumed coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They set an “overweight” rating and a $32.00 price objective on the stock. 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 for the company. Finally, Zacks Research raised shares of WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

WhiteHawk Income Price Performance

The business’s 50 day moving average is $26.51.

WhiteHawk Income Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 8.7%. The ex-dividend date was Monday, August 24th.

Institutional Investors Weigh In On WhiteHawk Income

A number of institutional investors and hedge funds have recently bought and sold shares of WHK. Citadel Advisors LLC purchased a new stake in shares of WhiteHawk Income during the second quarter worth about $10,215,000. Alyeska Investment Group L.P. acquired a new stake in WhiteHawk Income during the second quarter worth approximately $6,955,000. Finally, Readystate Asset Management LP acquired a new position in WhiteHawk Income in the 2nd quarter valued at $696,000.

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).