Wall Street Zen Downgrades Hafnia (NYSE:HAFN) to Buy

Hafnia (NYSE:HAFN) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. BTIG Research raised their price target on shares of Hafnia from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, September 18th. Weiss Ratings upgraded shares of Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Hafnia Trading Down 0.2%

Shares of HAFN stock opened at $8.90 on Friday. The stock’s fifty day simple moving average is $8.31 and its 200 day simple moving average is $7.97. Hafnia has a twelve month low of $5.17 and a twelve month high of $10.12. The firm has a market capitalization of $4.56 billion, a P/E ratio of 6.75 and a beta of 0.65. The company has a quick ratio of 1.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Hafnia (NYSE:HAFN) last issued its quarterly earnings data on Saturday, August 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Hafnia had a net margin of 56.72% and a return on equity of 26.74%. The business had revenue of $834.53 million during the quarter, compared to analyst estimates of $394.57 million.

Institutional Trading of Hafnia

Hedge funds have recently bought and sold shares of the business. MHR Fund Management LLC boosted its stake in Hafnia by 7.6% in the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock valued at $98,587,000 after acquiring an additional 1,309,938 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Hafnia by 0.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,797,281 shares of the company’s stock valued at $82,532,000 after purchasing an additional 54,525 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Hafnia in the first quarter worth $32,205,000. Bank of New York Mellon Corp increased its stake in Hafnia by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,681,217 shares of the company’s stock worth $12,777,000 after acquiring an additional 22,351 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Hafnia by 175.0% during the 1st quarter. Bank of America Corp DE now owns 571,705 shares of the company’s stock valued at $4,345,000 after buying an additional 363,821 shares in the last quarter.

Trending Headlines about Hafnia

Here are the key news stories impacting Hafnia this week:

• Positive Sentiment: Hafnia completed pricing of an offering of 35,488,875 new ordinary shares, raising gross proceeds of approximately $300 million. The capital provides additional financial flexibility and supports the company’s expansion strategy. Hafnia Raises USD 300 Million in Share Offering and Files U.S. Prospectus
• Positive Sentiment: Hafnia agreed to acquire another 1.7 million TORM A shares at $34 per share, increasing its ownership to approximately 19.85%. The move could strengthen Hafnia’s strategic position in the product-tanker market and provide greater influence over TORM. Hafnia Acquisition of an Additional 1.7 Million TORM Shares
• Neutral Sentiment: BW Group is lending a 7.1% Hafnia stake to facilitate settlement of the share offering. The arrangement should support transaction settlement, although the temporary availability of shares may contribute to trading-supply concerns. BW Group Lends 7.1% Hafnia Stake to Facilitate Share Offering Settlement
• Neutral Sentiment: Reports about hafnium oxide’s electrical properties and high-temperature stability concern an electronics material, not Hafnia Limited’s tanker-shipping business. They are unrelated to HAFN’s valuation. Discovery Confirms Rare Switchable Electrical Property
• Negative Sentiment: The equity financing substantially increases the share count, diluting existing holders. Coverage also indicates the new shares were sold at a discount, which can pressure the stock and raise questions about the near-term return from the TORM investment. Hafnia Sells $300 Million in New Shares at a Discount

Hafnia Company Profile

Hafnia Limited is a global maritime transportation company focused on the ownership and operation of product tankers. The company transports refined petroleum products, chemicals, and vegetable and animal oils for energy companies, commodity traders, and industrial customers.

Its activities include commercial management, chartering, vessel operations, and technical management. Hafnia operates across major international shipping routes and serves customers in key energy and commodity markets worldwide.

Hafnia is headquartered in Singapore and is part of the BW Group.