Hafnia (NYSE:HAFN) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Hafnia (NYSE:HAFN) from a strong-buy rating to a buy rating in a report published on Saturday.

Other equities analysts have also issued research reports about the stock. Pareto Securities lowered shares of Hafnia to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Hafnia Stock Down 0.3%

Hafnia stock opened at $8.13 on Friday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.63. The company’s 50 day simple moving average is $7.42 and its 200 day simple moving average is $7.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.48. Hafnia has a fifty-two week low of $5.17 and a fifty-two week high of $9.53.

Hafnia (NYSE:HAFN) last issued its earnings results on Friday, May 15th. The company reported $0.36 EPS for the quarter. The firm had revenue of $688.87 million during the quarter. Hafnia had a net margin of 44.74% and a return on equity of 19.20%.

Hedge Funds Weigh In On Hafnia

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new position in shares of Hafnia in the 4th quarter valued at about $36,000. Royal Bank of Canada lifted its holdings in Hafnia by 504.8% during the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock valued at $38,000 after purchasing an additional 5,997 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Hafnia during the 4th quarter worth about $47,000. Blue Trust Inc. bought a new stake in shares of Hafnia during the first quarter worth approximately $48,000. Finally, GC Wealth Management RIA LLC acquired a new position in Hafnia in the 4th quarter valued at $53,000.

Hafnia Company Profile

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.