WhiteHawk Income (NYSE:WHK) Cut to Sell at Wall Street Zen

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

Several other analysts have also recently weighed in on WHK. Raymond James Financial initiated coverage on shares of WhiteHawk Income in a research note on Tuesday, July 7th. They issued a “strong-buy” rating and a $34.00 price objective on the stock. Stifel Nicolaus initiated coverage on WhiteHawk Income in a report on Monday, July 6th. They set a “buy” rating and a $30.00 target price on the stock. Zacks Research upgraded WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Stephens started coverage on WhiteHawk Income in a research note on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on WhiteHawk Income in a research report on Monday, July 6th. They set a “neutral” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, WhiteHawk Income presently has a consensus rating of “Moderate Buy” and an average price target of $31.40.

WhiteHawk Income Stock Down 2.9%

WHK stock opened at $26.21 on Friday. The company’s fifty day simple moving average is $26.54. WhiteHawk Income has a 52-week low of $25.34 and a 52-week 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 issued a $0.61 dividend. The ex-dividend date is Monday, August 24th. This represents a $2.44 annualized dividend and a yield of 9.3%.

Institutional Trading of WhiteHawk Income

An institutional investor recently bought a new stake in WhiteHawk Income stock. Alyeska Investment Group L.P. acquired a new position in WhiteHawk Income Corp. (NYSE:WHK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 quarter.

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).