Hafnia (NYSE:HAFN) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hafnia from "hold" to "buy", though DNB Carnegie downgraded it and the consensus rating remains a Moderate Buy (one Strong Buy, two Holds).
• Quarterly results showed EPS of $0.22 (in line with estimates) and revenue of $599.9M—well above the $285.6M estimate—with a net margin of 35.54% and ROE of 14.71%.
• Significant insider selling: insiders disposed of 1,090,000 shares (~$8.85M) in the past 90 days, including the CEO selling 500,000 shares and the CFO 90,000 shares, substantially reducing their positions.

Hafnia (NYSE:HAFN - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Separately, Dnb Carnegie lowered Hafnia from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 12th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Hafnia Price Performance

Hafnia stock opened at $8.47 on Friday. The company's fifty day moving average price is $7.59 and its 200 day moving average price is $6.51. Hafnia has a 1 year low of $4.36 and a 1 year high of $8.57. The stock has a market capitalization of $4.34 billion, a P/E ratio of 12.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 1.53.

Hafnia (NYSE:HAFN - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The firm had revenue of $599.88 million for the quarter, compared to analysts' expectations of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.

Insiders Place Their Bets

In other Hafnia news, CEO Mikael Opstun Skov sold 500,000 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $8.11, for a total value of $4,055,000.00. Following the transaction, the chief executive officer owned 1,130,978 shares in the company, valued at approximately $9,172,231.58. This trade represents a 30.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the firm's stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $8.22, for a total value of $739,800.00. Following the completion of the transaction, the chief financial officer owned 91,994 shares in the company, valued at $756,190.68. The trade was a 49.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,090,000 shares of company stock worth $8,854,800 in the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HAFN. Kestra Advisory Services LLC purchased a new position in shares of Hafnia during the 4th quarter worth $36,000. Royal Bank of Canada raised its holdings in shares of Hafnia by 504.8% during the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company's stock worth $38,000 after acquiring an additional 5,997 shares during the period. Smartleaf Asset Management LLC purchased a new position in shares of Hafnia during the 4th quarter worth $47,000. Blue Trust Inc. purchased a new position in shares of Hafnia during the 1st quarter worth $48,000. Finally, GC Wealth Management RIA LLC purchased a new position in shares of Hafnia during the 4th quarter worth $53,000.

Hafnia Company Profile

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.

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