Hafnia (NYSE:HAFN) Rating Lowered to “Hold” at Dnb Carnegie

Hafnia (NYSE:HAFN) was downgraded by equities researchers at Dnb Carnegie from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a report on Wednesday, December 24th. Fearnley Fonds raised shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One equities research 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, Hafnia currently has a consensus rating of “Moderate Buy”.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $6.67 on Thursday. The business has a 50-day moving average of $6.50 and a two-hundred day moving average of $6.17. 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 has a 12 month low of $3.61 and a 12 month high of $7.95.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $285.64 million.

Hedge Funds Weigh In On Hafnia

A number of institutional investors and hedge funds have recently bought and sold shares of HAFN. SBI Securities Co. Ltd. grew its position in Hafnia by 53.9% in the second quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock valued at $26,000 after acquiring an additional 1,796 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Hafnia in the fourth quarter valued at $36,000. Royal Bank of Canada boosted its stake in shares of Hafnia by 504.8% in the fourth quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock valued at $38,000 after purchasing an additional 5,997 shares during the period. Smartleaf Asset Management LLC acquired a new stake in Hafnia during the 4th quarter valued at $47,000. Finally, Sierra Capital LLC acquired a new stake in Hafnia during the 2nd quarter valued at $50,000.

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.