Hafnia (NYSE:HAFN) Upgraded by Wall Street Zen to Buy Rating

Hafnia (NYSE:HAFN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other equities research analysts have also issued research reports about the stock. Dnb Carnegie lowered shares of Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday. Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Hafnia Price Performance

Shares of HAFN opened at $6.67 on Friday. Hafnia has a 12 month low of $3.61 and a 12 month high of $7.95. The stock’s 50 day moving average is $6.50 and its two-hundred day moving average is $6.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.40.

Hafnia (NYSE:HAFN) last announced its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.The business had revenue of $592.96 million during the quarter, compared to the consensus estimate of $285.64 million.

Hedge Funds Weigh In On Hafnia

Several large investors have recently modified their holdings of HAFN. MHR Fund Management LLC grew its holdings in shares of Hafnia by 7.6% during the 4th quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock worth $98,587,000 after purchasing an additional 1,309,938 shares during the period. Vanguard Group Inc. raised its holdings in Hafnia by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 10,928,233 shares of the company’s stock valued at $58,870,000 after buying an additional 69,992 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Hafnia by 0.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 10,742,756 shares of the company’s stock valued at $64,522,000 after buying an additional 54,905 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Hafnia by 17.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,870,521 shares of the company’s stock worth $20,630,000 after buying an additional 571,909 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Hafnia by 2,389.0% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock worth $4,130,000 after buying an additional 794,334 shares during the period.

About Hafnia

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.