Fearnley Fonds Upgrades Hafnia (NYSE:HAFN) to “Strong-Buy”

Hafnia (NYSE:HAFN) was upgraded by investment analysts at Fearnley Fonds from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $6.50.

Hafnia Stock Up 1.4%

Hafnia stock opened at $5.96 on Tuesday. The firm has a 50 day moving average price of $6.14 and a 200-day moving average price of $5.76. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Hafnia has a twelve month low of $3.61 and a twelve month high of $6.64. The company has a market capitalization of $3.02 billion, a P/E ratio of 9.76 and a beta of 0.96.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Monday, December 1st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $247.00 million for the quarter, compared to the consensus estimate of $256.84 million. Hafnia had a net margin of 29.50% and a return on equity of 13.50%.

Institutional Trading of Hafnia

A number of large investors have recently made changes to their positions in HAFN. Tweedy Browne Co LLC boosted its stake in Hafnia by 110.9% in the third quarter. Tweedy Browne Co LLC now owns 161,597 shares of the company’s stock valued at $968,000 after acquiring an additional 84,980 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Hafnia in the 3rd quarter worth $127,000. XTX Topco Ltd purchased a new position in Hafnia during the 3rd quarter worth $626,000. SIH Partners LLLP acquired a new position in Hafnia during the 3rd quarter valued at about $231,000. Finally, Prelude Capital Management LLC acquired a new position in shares of Hafnia during the third quarter valued at about $351,000.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.