WhiteHawk Income (NYSE:WHK) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of WhiteHawk Income (NYSE:WHK) from a hold rating to a sell rating in a report released on Saturday morning.

WHK has been the topic of several other research reports. Capital One Financial assumed coverage on WhiteHawk Income in a report on Monday, July 6th. They set an “overweight” rating and a $32.00 price target on the stock. Stifel Nicolaus initiated coverage on WhiteHawk Income in a research report on Monday, July 6th. They issued a “buy” rating and a $30.00 price target 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 objective for the company. Zacks Research raised WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Finally, Stephens started coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set an “overweight” rating and a $33.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.40.

WhiteHawk Income Stock Performance

Shares of NYSE WHK opened at $27.00 on Friday. The company has a fifty day moving average of $26.55. WhiteHawk Income has a 12-month low of $25.34 and a 12-month high of $28.60.

WhiteHawk Income Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 dividend on an annualized basis and a dividend yield of 9.0%.

Hedge Funds Weigh In On WhiteHawk Income

A hedge fund recently bought a new position in WhiteHawk Income stock. Alyeska Investment Group L.P. purchased a new stake in WhiteHawk Income Corp. (NYSE:WHK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 250,000 shares of the company’s stock, valued at approximately $6,955,000. Alyeska Investment Group L.P. owned approximately 0.93% of WhiteHawk Income at the end of the most recent reporting period.

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).