Wall Street Zen Downgrades Hafnia (NYSE:HAFN) to Hold

Hafnia (NYSE:HAFN) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

HAFN has been the subject of several other reports. Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Dnb Carnegie downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Hafnia currently has a consensus rating of “Moderate Buy”.

Hafnia Trading Down 1.8%

NYSE HAFN opened at $7.01 on Friday. The stock has a 50-day moving average of $6.63 and a 200-day moving average of $6.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.40. Hafnia has a 1-year low of $3.61 and a 1-year high of $7.95.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The business had revenue of $599.88 million for the quarter, compared to the consensus estimate of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.

Institutional Trading of Hafnia

Institutional investors and hedge funds have recently modified their holdings of the company. Fearnley Asset Management AS bought a new position in Hafnia in the 4th quarter worth $3,185,000. Aristides Capital LLC bought a new stake in Hafnia during the fourth quarter valued at about $179,000. Virtu Financial LLC bought a new stake in Hafnia during the fourth quarter valued at about $174,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Hafnia in the fourth quarter valued at about $80,000. Finally, Mackenzie Financial Corp lifted its position in shares of Hafnia by 18.3% in the fourth quarter. Mackenzie Financial Corp now owns 240,088 shares of the company’s stock valued at $1,297,000 after acquiring an additional 37,138 shares in the last quarter.

About Hafnia

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.