Wall Street Zen Upgrades Hafnia (NYSE:HAFN) to Strong-Buy

Hafnia (NYSE:HAFN) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Other research analysts have also issued reports about the company. Pareto Securities lowered Hafnia to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Hafnia Price Performance

Shares of HAFN opened at $7.54 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.48. The company’s fifty day moving average price is $7.60 and its 200-day moving average price is $7.31. Hafnia has a 1-year low of $5.17 and a 1-year high of $9.53. The firm has a market capitalization of $3.86 billion, a PE ratio of 8.28 and a beta of 0.72.

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

Institutional Investors Weigh In On Hafnia

Several hedge funds have recently added to or reduced their stakes in HAFN. Shariaportfolio Inc. purchased a new position in shares of Hafnia during the 1st quarter valued at about $273,000. Segall Bryant & Hamill LLC acquired a new position in shares of Hafnia in the 1st quarter valued at about $1,859,000. Bank of America Corp DE boosted its stake in shares of Hafnia by 175.0% in the first quarter. Bank of America Corp DE now owns 571,705 shares of the company’s stock worth $4,345,000 after buying an additional 363,821 shares during the last quarter. Amundi boosted its stake in shares of Hafnia by 5.4% in the first quarter. Amundi now owns 67,213 shares of the company’s stock worth $511,000 after buying an additional 3,465 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Hafnia by 7.0% during the first quarter. Quantinno Capital Management LP now owns 55,859 shares of the company’s stock worth $425,000 after acquiring an additional 3,639 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.