Hafnia (NYSE:HAFN) Price Target Raised to $12.00

Hafnia (NYSE:HAFN) had its price target hoisted by equities researchers at BTIG Research from $10.00 to $12.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s target price would indicate a potential upside of 23.65% from the company’s previous close.

A number of other brokerages have also recently commented on HAFN. Pareto Securities cut shares of Hafnia to a “hold” rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded shares of Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 30th. Finally, Weiss Ratings raised shares of Hafnia from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Hafnia Trading Down 0.1%

Shares of Hafnia stock opened at $9.71 on Friday. Hafnia has a 52-week low of $5.17 and a 52-week high of $9.86. The stock’s 50-day simple moving average is $8.08 and its 200 day simple moving average is $7.90. The stock has a market capitalization of $4.97 billion, a P/E ratio of 7.35 and a beta of 0.65. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.49 and a current ratio of 1.66.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Saturday, August 29th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. The business had revenue of $834.53 million for the quarter, compared to the consensus estimate of $394.57 million. Hafnia had a net margin of 56.72% and a return on equity of 26.74%.

Hedge Funds Weigh In On Hafnia

A number of large investors have recently modified their holdings of HAFN. Blue Trust Inc. purchased a new position in Hafnia during the first quarter valued at approximately $48,000. Aristides Capital LLC purchased a new stake in Hafnia in the 4th quarter worth approximately $179,000. Shariaportfolio Inc. purchased a new stake in Hafnia in the 1st quarter worth approximately $273,000. Squarepoint Ops LLC bought a new position in Hafnia in the 2nd quarter valued at $410,000. Finally, Quantinno Capital Management LP boosted its holdings in Hafnia by 7.0% in the 1st quarter. Quantinno Capital Management LP now owns 55,859 shares of the company’s stock valued at $425,000 after purchasing an additional 3,639 shares during the period.

Hafnia Company Profile

Hafnia Limited is a global maritime transportation company focused on the ownership and operation of product tankers. The company transports refined petroleum products, chemicals, and vegetable and animal oils for energy companies, commodity traders, and industrial customers.

Its activities include commercial management, chartering, vessel operations, and technical management. Hafnia operates across major international shipping routes and serves customers in key energy and commodity markets worldwide.

Hafnia is headquartered in Singapore and is part of the BW Group.