Hafnia (NYSE:HAFN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hafnia (NYSE:HAFN) from a buy rating to a strong-buy rating in a research report released on Sunday,Wall Street Zen reports.

Several other research analysts have also weighed in on HAFN. Pareto Securities lowered Hafnia to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Hafnia has an average rating of “Moderate Buy”.

Hafnia Stock Up 1.9%

Shares of NYSE:HAFN opened at $8.60 on Friday. The company has a 50 day moving average price of $7.54 and a two-hundred day moving average price of $7.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.66. The company has a market capitalization of $4.41 billion, a PE ratio of 6.52 and a beta of 0.65. Hafnia has a 52 week low of $5.17 and a 52 week high of $9.53.

Hafnia (NYSE:HAFN) last announced its quarterly earnings results on Friday, August 28th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hafnia had a net margin of 56.72% and a return on equity of 26.74%. The company had revenue of $834.53 million for the quarter, compared to analysts’ expectations of $394.57 million.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.5003 per share. This is a positive change from Hafnia’s previous quarterly dividend of $0.29. This represents a $2.00 annualized dividend and a dividend yield of 23.3%. The ex-dividend date of this dividend is Tuesday, September 8th. Hafnia’s payout ratio is currently 87.12%.

Institutional Investors Weigh In On Hafnia

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in Hafnia in the 4th quarter worth $36,000. Royal Bank of Canada lifted its holdings in shares of Hafnia by 504.8% in the fourth quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock valued at $38,000 after purchasing an additional 5,997 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of Hafnia during the fourth quarter worth about $47,000. Blue Trust Inc. bought a new position in shares of Hafnia during the first quarter worth about $48,000. Finally, GC Wealth Management RIA LLC acquired a new stake in Hafnia in the 4th quarter valued at approximately $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.