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

Hafnia Limited (NYSE:HAFN) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.00.

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 30th. BTIG Research raised their target price on Hafnia from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday. Pareto Securities lowered Hafnia to a “hold” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded Hafnia from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, September 3rd.

Institutional Trading of Hafnia

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of Hafnia during the first quarter worth approximately $48,000. Aristides Capital LLC acquired a new position in shares of Hafnia in the 4th quarter worth approximately $179,000. Shariaportfolio Inc. acquired a new position in shares of Hafnia in the 1st quarter worth approximately $273,000. Squarepoint Ops LLC bought a new stake in Hafnia during the 2nd quarter worth approximately $410,000. Finally, Quantinno Capital Management LP grew its position in Hafnia by 7.0% during the 1st 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 last quarter.

Hafnia Price Performance

Shares of Hafnia stock opened at $9.71 on Friday. The firm has a market cap of $4.97 billion, a P/E ratio of 7.35 and a beta of 0.65. The firm’s 50-day simple moving average is $8.08 and its 200-day simple moving average is $7.90. Hafnia has a twelve month low of $5.17 and a twelve month high of $9.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.49 and a current ratio of 1.66.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results 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. The firm had revenue of $834.53 million during the quarter, compared to analyst estimates 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 announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, September 8th will be given a dividend of $0.5003 per share. This is an increase from Hafnia’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 20.6%. Hafnia’s dividend payout ratio is 151.52%.

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.