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

Hafnia (NYSE:HAFN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other equities research analysts have also issued reports on the stock. Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Dnb Carnegie cut shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hafnia in a report on Wednesday, December 24th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Hafnia Stock Down 1.8%

NYSE:HAFN opened at $7.01 on Friday. The business has a fifty day simple moving average of $6.63 and a two-hundred day simple moving average of $6.20. Hafnia has a 1 year low of $3.61 and a 1 year high of $7.95. 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 issued its quarterly earnings data on Thursday, February 26th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $599.88 million during the quarter, compared to analyst estimates of $285.64 million. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.

Institutional Inflows and Outflows

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

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.