Hafnia Limited (NYSE:HAFN) Stock Has Consensus Target Price of $12.00

Shares of Hafnia Limited (NYSE:HAFN) have been given an average rating of “Buy” by the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.00.

Several analysts recently weighed in on HAFN shares. Pareto Securities raised shares of Hafnia from a “hold” rating to a “buy” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded shares of Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 21st. Wall Street Zen cut shares of Hafnia from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 26th. Finally, BTIG Research increased their price objective on shares of Hafnia from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, September 18th.

Hedge Funds Weigh In On Hafnia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Hafnia during the 2nd quarter worth approximately $2,307,000. Marnell Management LLC acquired a new position in shares of Hafnia in the 4th quarter valued at $2,155,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Hafnia in the 2nd quarter valued at $1,719,000. MHR Fund Management LLC boosted its holdings in shares of Hafnia by 7.6% in the 4th quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock valued at $98,587,000 after buying an additional 1,309,938 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Hafnia in the 1st quarter valued at $1,859,000.

Hafnia Trading Down 4.8%

NYSE:HAFN opened at $10.13 on Tuesday. The firm has a market cap of $5.19 billion, a PE ratio of 8.06 and a beta of 0.52. The stock has a fifty day moving average price of $9.08 and a 200 day moving average price of $8.28. Hafnia has a 12-month low of $5.17 and a 12-month high of $11.10. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 0.25.

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

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th were paid a $0.5003 dividend. This is a boost from Hafnia’s previous quarterly dividend of $0.2877. This represents a $2.00 dividend on an annualized basis and a yield of 19.8%. The ex-dividend date was Tuesday, September 8th. Hafnia’s payout ratio is 151.52%.

Hafnia Company Profile

Hafnia Limited is a maritime transportation company that owns and operates product tankers. The company transports refined petroleum products, vegetable oils, and other liquid bulk commodities for customers around the world.

Its fleet serves several segments of the product tanker market, including vessels used to carry cargoes over regional and long-haul routes. In addition to vessel ownership, Hafnia provides commercial management, chartering, pool management, and technical and operational services designed to support the transportation of liquid products.

Hafnia is headquartered in Singapore and operates globally, serving major energy, commodities, and industrial markets.