WhiteHawk Income Corp.’s (NYSE:WHK) Quiet Period Set To Expire on July 20th

WhiteHawk Income’s (NYSE:WHK) quiet period will expire on Monday, July 20th. WhiteHawk Income had issued 7,700,000 shares in its initial public offering on June 9th. The total size of the offering was $200,200,000 based on an initial share price of $26.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

WHK has been the subject of a number of research reports. 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 target price for the company. Capital One Financial initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $32.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of WhiteHawk Income in a research note on Monday, July 6th. They set a “buy” rating and a $30.00 price target on the stock. Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a research report on Tuesday, July 7th. Finally, 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 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, WhiteHawk Income has an average rating of “Moderate Buy” and a consensus target price of $31.40.

WhiteHawk Income Price Performance

Shares of WHK opened at $25.86 on Monday. WhiteHawk Income has a 52-week low of $25.49 and a 52-week high of $28.60.

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).