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

Key Points

• Analysts are bullish on Hafnia: Five analysts give the stock a consensus “Buy” rating, with an average 12-month price target of $12.00. Recent rating changes included BTIG raising its target to $12 and several firms upgrading their recommendations.
• Hafnia reported quarterly EPS of $0.56, slightly above the $0.54 consensus estimate, and revenue of $834.53 million versus expectations of $394.57 million.
• The company increased its quarterly dividend to $0.5003 per share, equivalent to an annualized yield of 21.4%; its reported payout ratio was 151.52%.

Hafnia Limited (NYSE:HAFN - Get Free Report) has earned a consensus rating of "Buy" from the five analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $12.00.

A number of equities research analysts recently weighed in on HAFN shares. BTIG Research upped their price objective on Hafnia from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Friday, September 18th. Pareto Securities upgraded shares of Hafnia from a "hold" rating to a "buy" rating in a research report on Tuesday, September 29th. Weiss Ratings raised shares of Hafnia from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, September 21st. Finally, Wall Street Zen raised Hafnia from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 31st.

Hafnia Trading Up 0.3%

NYSE HAFN opened at $9.37 on Friday. The company has a fifty day simple moving average of $9.85 and a two-hundred day simple moving average of $8.11. The stock has a market cap of $4.80 billion, a P/E ratio of 7.09 and a beta of 0.46. Hafnia has a 12-month low of $5.17 and a 12-month high of $11.11. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 0.25.

Hafnia (NYSE:HAFN - Get Free Report) last released its 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. Hafnia had a net margin of 56.72% and a return on equity of 26.74%. 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 announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were paid a $0.5003 dividend. This is a boost from Hafnia's previous quarterly dividend of $0.2877. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $2.00 annualized dividend and a dividend yield of 21.4%. Hafnia's payout ratio is 151.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in Hafnia by 118.4% during the third quarter. Parallel Advisors LLC now owns 3,440 shares of the company's stock valued at $34,000 after purchasing an additional 1,865 shares during the period. First Command Advisory Services Inc. bought a new stake in shares of Hafnia in the 3rd quarter valued at about $116,000. Ritholtz Wealth Management bought a new stake in Hafnia in the 3rd quarter valued at about $182,000. Shariaportfolio Inc. acquired a new position in Hafnia in the first quarter valued at approximately $273,000. Finally, Aristides Capital LLC boosted its holdings in Hafnia by 12.9% in the 1st quarter. Aristides Capital LLC now owns 37,882 shares of the company's stock worth $288,000 after buying an additional 4,334 shares during the period.

About Hafnia

Hafnia Limited is a global owner and operator of product tankers that transport refined petroleum products, chemicals, and vegetable oils. The company provides maritime transportation services to energy companies, commodity traders, and industrial customers through a fleet of vessels serving international shipping routes.

In addition to owning and operating tankers, Hafnia offers commercial management, chartering, pool management, and technical and operational services. Its activities span the transportation of clean petroleum products, including gasoline, diesel, and jet fuel, as well as other liquid cargoes.

Hafnia is headquartered in Singapore and operates internationally, with activities and offices serving major energy and shipping markets.

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