Hafnia (NYSE:HAFN) Rating Lowered to “Hold” at Wall Street Zen

Hafnia (NYSE:HAFN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

A number of other research firms have also commented on HAFN. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. Dnb Carnegie lowered Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Hafnia Trading Up 3.6%

Shares of NYSE:HAFN opened at $7.26 on Friday. Hafnia has a 12-month low of $3.61 and a 12-month high of $7.95. The company’s 50 day moving average price is $6.67 and its two-hundred day moving average price is $6.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 1.53.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $599.88 million during the quarter, compared to the consensus estimate of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.

Institutional Investors Weigh In On Hafnia

A number of large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Hafnia in the 4th quarter valued at $36,000. Royal Bank of Canada lifted its position in shares of Hafnia by 504.8% during the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock worth $38,000 after buying an additional 5,997 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in Hafnia in the fourth quarter valued at about $47,000. GC Wealth Management RIA LLC acquired a new stake in Hafnia in the fourth quarter valued at about $53,000. Finally, J.W. Cole Advisors Inc. bought a new position in Hafnia in the second quarter valued at about $55,000.

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.