Hafnia (NYSE:HAFN) Cut to Hold at Dnb Carnegie

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

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

Hafnia Stock Down 7.9%

HAFN opened at $6.63 on Thursday. Hafnia has a fifty-two week low of $3.61 and a fifty-two week 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. The company’s 50 day moving average price is $6.47 and its two-hundred day moving average price is $6.16.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $592.96 million during the quarter, compared to the consensus estimate of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.

Institutional Investors Weigh In On Hafnia

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Hafnia by 3.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 44,390 shares of the company’s stock worth $240,000 after buying an additional 1,509 shares during the period. SBI Securities Co. Ltd. lifted its holdings 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 buying an additional 1,796 shares during the period. Earned Wealth Advisors LLC lifted its holdings in Hafnia by 15.6% in the third quarter. Earned Wealth Advisors LLC now owns 16,917 shares of the company’s stock valued at $101,000 after buying an additional 2,286 shares during the period. Vise Technologies Inc. boosted its position in Hafnia by 16.4% during the third quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock valued at $98,000 after acquiring an additional 2,305 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in Hafnia by 7.1% during the 4th quarter. TD Asset Management Inc now owns 37,039 shares of the company’s stock worth $200,000 after acquiring an additional 2,453 shares during the period.

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.