Hafnia Limited (NYSE:HAFN) Stock Rated "Buy" by Sell-Side Analysts

Key Points

• Analysts rate Hafnia “Buy” on average: Three analysts recommend buying, one rates it a strong buy, and one recommends holding. The average 12-month price target is $12.00.
• Hafnia reported quarterly EPS of $0.56, exceeding the $0.54 consensus estimate, while revenue reached $834.53 million versus expectations of $394.57 million.
• The company increased its quarterly dividend to $0.5003 per share, implying an annualized dividend of about $2.00 and an 18.3% yield; shares recently traded near their 12-month high at $10.94.

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

HAFN has been the topic of several recent research reports. 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. Pareto Securities raised shares of Hafnia from a "hold" rating to a "buy" rating in a research note on Tuesday, September 29th. Weiss Ratings upgraded shares of Hafnia from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, September 21st. Finally, Wall Street Zen cut shares of Hafnia from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. bought a new stake in Hafnia during the first quarter valued at about $32,205,000. MHR Fund Management LLC grew its position in shares of Hafnia by 7.6% in the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company's stock valued at $98,587,000 after purchasing an additional 1,309,938 shares during the last quarter. Fearnley Asset Management AS acquired a new stake in shares of Hafnia in the fourth quarter valued at about $3,185,000. Marnell Management LLC bought a new position in shares of Hafnia in the fourth quarter worth about $2,155,000. Finally, Bank of America Corp DE increased 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 purchasing an additional 363,821 shares during the period.

Hafnia Price Performance

Shares of HAFN opened at $10.94 on Tuesday. The company has a market cap of $5.60 billion, a P/E ratio of 8.28 and a beta of 0.52. The stock has a fifty day moving average price of $8.89 and a 200 day moving average price of $8.21. 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 12 month low of $5.17 and a 12 month high of $11.10.

Hafnia (NYSE:HAFN - Get Free Report) last posted its earnings results on Saturday, August 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were issued a dividend of $0.5003 per share. This is an increase from Hafnia's previous quarterly dividend of $0.2877. This represents a $2.00 dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date was Tuesday, September 8th. Hafnia's dividend payout ratio (DPR) is presently 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.

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