Hafnia Limited (NYSE:HAFN) Stock Has Average Price Target of $12.00 According to Analysts

Hafnia Limited (NYSE:HAFN) has received a consensus rating of “Buy” from the five analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.00.

HAFN has been the topic of several recent research reports. Wall Street Zen upgraded Hafnia from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Pareto Securities upgraded shares of Hafnia from a “hold” rating to a “buy” rating in a research report on Tuesday, September 29th. Weiss Ratings upgraded Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. Finally, BTIG Research increased their target price on Hafnia from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, September 18th.

Hafnia Price Performance

Shares of HAFN stock opened at $9.39 on Friday. The stock’s fifty day moving average is $9.89 and its 200-day moving average is $8.16. The stock has a market capitalization of $4.82 billion, a PE ratio of 7.12 and a beta of 0.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.49 and a current ratio of 1.66. Hafnia has a 52 week low of $5.17 and a 52 week high of $11.11.

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

Hafnia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th were issued a $0.5003 dividend. This represents a $2.00 annualized dividend and a yield of 21.3%. This is a boost from Hafnia’s previous quarterly dividend of $0.2877. The ex-dividend date was Tuesday, September 8th. Hafnia’s dividend payout ratio (DPR) is 151.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HAFN. Jefferies Financial Group Inc. bought a new position in shares of Hafnia during the 3rd quarter valued at about $7,912,000. Bank of America Corp DE lifted its position in Hafnia by 175.0% in the 1st quarter. Bank of America Corp DE now owns 571,705 shares of the company’s stock valued at $4,345,000 after acquiring an additional 363,821 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Hafnia in the 2nd quarter worth $2,307,000. BTG Pactual Asset Management US LLC acquired a new position in Hafnia in the 2nd quarter worth $1,719,000. Finally, Segall Bryant & Hamill LLC bought a new position in Hafnia during the 1st quarter worth about $1,859,000.

About Hafnia

Hafnia Ltd. is an international shipping company that owns and operates tankers carrying petroleum products and other liquid cargoes. Its fleet serves customers across the energy and commodities industries, including oil companies and trading firms. The company transports clean petroleum products, such as gasoline and diesel, as well as crude oil, chemicals and vegetable oils. Its vessels operate on routes around the world, connecting producers, refineries and end markets. Hafnia is headquartered in Singapore and is led by Chief Executive Officer Mikael Skov.