Wall Street Zen Downgrades Hafnia (NYSE:HAFN) to Buy

Hafnia (NYSE:HAFN) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also recently commented on the company. Pareto Securities cut Hafnia to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Hafnia Stock Performance

Shares of HAFN stock traded up $0.23 during trading hours on Friday, reaching $7.25. The stock had a trading volume of 1,195,154 shares, compared to its average volume of 1,831,948. The firm has a 50-day simple moving average of $7.82 and a 200-day simple moving average of $7.20. Hafnia has a twelve month low of $5.12 and a twelve month high of $9.53. The firm has a market capitalization of $3.72 billion, a PE ratio of 7.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.48.

Hafnia (NYSE:HAFN) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $688.87 million during the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.

Insider Buying and Selling

In other Hafnia news, CEO Mikael Opstun Skov sold 500,000 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $8.11, for a total transaction of $4,055,000.00. Following the transaction, the chief executive officer directly owned 1,130,978 shares of the company’s stock, valued at $9,172,231.58. This represents a 30.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Hafnia

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. bought a new stake in Hafnia during the first quarter valued at about $48,000. Kestra Advisory Services LLC bought a new stake in shares of Hafnia during the fourth quarter valued at approximately $36,000. Royal Bank of Canada increased its holdings in Hafnia by 504.8% in the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock valued at $38,000 after buying an additional 5,997 shares during the period. Smartleaf Asset Management LLC acquired a new position in Hafnia in the fourth quarter worth about $47,000. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Hafnia in the 4th quarter worth approximately $53,000.

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.