Hafnia Limited (NYSE:HAFN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Hafnia Limited (NYSE:HAFN) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.00.

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Hafnia from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. Weiss Ratings upgraded Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Finally, BTIG Research increased their target price on Hafnia from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, September 18th.

Hafnia Stock Performance

NYSE:HAFN opened at $8.89 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.49. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 6.74 and a beta of 0.65. The firm’s fifty day moving average price is $8.28 and its 200 day moving average price is $7.96. Hafnia has a 1-year low of $5.17 and a 1-year high of $10.12.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Saturday, August 29th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $834.53 million during the quarter, compared to the consensus estimate 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 disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.5003 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 22.5%. The ex-dividend date was Tuesday, September 8th. This is a positive change from Hafnia’s previous quarterly dividend of $0.2877. Hafnia’s payout ratio is currently 151.52%.

Institutional Trading of Hafnia

Hedge funds and other institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP grew its position in shares of Hafnia by 45.1% in the 2nd quarter. Engineers Gate Manager LP now owns 199,008 shares of the company’s stock worth $1,321,000 after acquiring an additional 61,859 shares in the last quarter. Squarepoint Ops LLC bought a new position in Hafnia during the second quarter worth $410,000. TD Waterhouse Canada Inc. boosted its holdings in Hafnia by 9.5% in the second quarter. TD Waterhouse Canada Inc. now owns 89,597 shares of the company’s stock worth $588,000 after purchasing an additional 7,782 shares during the period. BTG Pactual Asset Management US LLC acquired a new position in Hafnia in the second quarter worth $1,719,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Hafnia during the second quarter valued at $2,307,000.

About Hafnia

Hafnia Limited is a global maritime transportation company focused on the ownership and operation of product tankers. The company transports refined petroleum products, chemicals, and vegetable and animal oils for energy companies, commodity traders, and industrial customers.

Its activities include commercial management, chartering, vessel operations, and technical management. Hafnia operates across major international shipping routes and serves customers in key energy and commodity markets worldwide.

Hafnia is headquartered in Singapore and is part of the BW Group.