Hafnia Limited (NYSE:HAFN) Stock Has Consensus Price Target of $12.00

Hafnia Limited (NYSE:HAFN) has been given an average recommendation of “Buy” by the five research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $12.00.

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Hafnia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. BTIG Research lifted their price objective on shares of Hafnia from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Weiss Ratings raised shares of Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 21st. Finally, Pareto Securities upgraded shares of Hafnia from a “hold” rating to a “buy” rating in a report on Tuesday, September 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HAFN. Public Employees Retirement System of Ohio bought a new position in shares of Hafnia during the 2nd quarter valued at approximately $2,307,000. Marnell Management LLC purchased a new stake in Hafnia during the 4th quarter valued at $2,155,000. BTG Pactual Asset Management US LLC purchased a new position in Hafnia during the second quarter worth $1,719,000. MHR Fund Management LLC boosted its stake in Hafnia by 7.6% during the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock worth $98,587,000 after buying an additional 1,309,938 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Hafnia during the first quarter valued at $1,859,000.

Hafnia Stock Performance

NYSE HAFN opened at $10.02 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.49. Hafnia has a 1-year low of $5.17 and a 1-year high of $11.10. The business has a 50 day simple moving average of $9.13 and a two-hundred day simple moving average of $8.29. The stock has a market capitalization of $5.13 billion, a PE ratio of 7.59 and a beta of 0.52.

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

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were issued a $0.5003 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 20.0%. The ex-dividend date of this dividend was Tuesday, September 8th. This is a positive change from Hafnia’s previous quarterly dividend of $0.2877. Hafnia’s payout ratio is 151.52%.

Hafnia Company Profile

Hafnia Limited is a maritime transportation company that owns and operates product tankers. The company transports refined petroleum products, vegetable oils, and other liquid bulk commodities for customers around the world.

Its fleet serves several segments of the product tanker market, including vessels used to carry cargoes over regional and long-haul routes. In addition to vessel ownership, Hafnia provides commercial management, chartering, pool management, and technical and operational services designed to support the transportation of liquid products.

Hafnia is headquartered in Singapore and operates globally, serving major energy, commodities, and industrial markets.