Hafnia's (HAFN) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Hafnia's stock rating has been reaffirmed as "hold (C)" by Weiss Ratings, while Fearnley Fonds downgraded it from a "strong-buy" to a "hold" just days earlier.
• Hafnia reported a quarterly earnings per share (EPS) of $0.15, beating analysts' expectations, and achieved a revenue of $346.56 million for the period.
• The stock currently carries an average target price of $6.50 and has experienced a twelve-month price range between $3.61 and $7.50.

Hafnia (NYSE:HAFN - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Fearnley Fonds downgraded shares of Hafnia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $6.50.

Hafnia Price Performance

Shares of HAFN opened at $5.91 on Wednesday. Hafnia has a twelve month low of $3.61 and a twelve month high of $7.50. The firm's fifty day simple moving average is $5.95 and its 200-day simple moving average is $5.27. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.95 and a beta of 0.90. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Hafnia (NYSE:HAFN - Get Free Report) last posted its earnings results on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The firm had revenue of $346.56 million for the quarter, compared to the consensus estimate of $249.42 million. Hafnia had a net margin of 37.26% and a return on equity of 18.74%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its position in Hafnia by 53.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company's stock worth $26,000 after purchasing an additional 1,796 shares during the last quarter. Naviter Wealth LLC purchased a new position in Hafnia during the 1st quarter worth $42,000. Avantax Advisory Services Inc. purchased a new position in Hafnia during the 1st quarter worth $47,000. Sierra Capital LLC purchased a new position in Hafnia during the 2nd quarter worth $50,000. Finally, J.W. Cole Advisors Inc. purchased a new position in Hafnia during the 2nd quarter worth $55,000.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.

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