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

WhiteHawk Income’s (NYSE:WHK) quiet period is set to 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 WhiteHawk Income’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the expiration 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.

Analyst Ratings Changes

WHK has been the subject of a number of research reports. Wall Street Zen upgraded shares of WhiteHawk Income to a “hold” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. started coverage on shares of WhiteHawk Income in a report on Monday, July 6th. They set a “neutral” rating and a $28.00 target price on the stock. Stephens initiated coverage on shares of WhiteHawk Income in a research report on Monday, July 6th. They issued an “overweight” rating and a $33.00 price target for the company. Stifel Nicolaus began 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 for the company. Finally, Zacks Research upgraded shares of WhiteHawk Income to a “hold” rating in a report on Tuesday, July 7th. One 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.40.

WhiteHawk Income Stock Down 0.2%

Shares of WHK opened at $25.95 on Friday. WhiteHawk Income has a 1 year low of $25.49 and a 1 year 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).