WhiteHawk Income (NYSE:WHK) Reaches New 1-Year High – Still a Buy?

WhiteHawk Income Corp. (NYSE:WHK)’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 changing hands. The stock had previously closed at $28.41.

Analyst Ratings Changes

Several research firms have recently commented on WHK. Weiss Ratings assumed coverage on shares of WhiteHawk Income in a research report on Monday, August 31st. They issued a “sell (e)” rating for the company. Wall Street Zen cut shares of WhiteHawk Income from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. JPMorgan Chase & Co. began coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They issued a “neutral” rating and a $28.00 price target for the company. Capital One Financial initiated coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They issued an “overweight” rating and a $32.00 price objective for the company. Finally, Zacks Research raised 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 assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, WhiteHawk Income presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.40.

WhiteHawk Income Stock Up 1.1%

The business has a fifty day simple moving average of $26.61.

WhiteHawk Income Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Monday, August 24th.

Institutional Investors Weigh In On WhiteHawk Income

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

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).