WhiteHawk Income (NYSE:WHK) Price Target Raised to $37.00

WhiteHawk Income (NYSE:WHK) had its price target raised by Raymond James Financial from $34.00 to $37.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a strong-buy rating on the stock.

Several other research firms have also weighed in on WHK. Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a research note on Tuesday, July 7th. Capital One Financial started coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $32.00 target price for the company. Stephens initiated coverage on WhiteHawk Income in a research report on Monday, July 6th. They set an “overweight” rating and a $33.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, Stifel Nicolaus initiated coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a “buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

WhiteHawk Income Stock Down 0.9%

NYSE WHK opened at $27.89 on Wednesday. WhiteHawk Income has a one year low of $25.34 and a one year high of $28.60. The firm has a 50-day simple moving average of $26.54.

WhiteHawk Income Announces Dividend

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

Institutional Inflows and Outflows

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