Hafnia (NYSE:HAFN) Stock Rating Lowered by Wall Street Zen

Hafnia (NYSE:HAFN) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the company. Pareto Securities downgraded 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 research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Hafnia Stock Performance

Shares of HAFN opened at $8.17 on Friday. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 8.98 and a beta of 0.63. The business’s fifty day simple moving average is $7.41 and its two-hundred day simple moving average is $7.62. Hafnia has a 12 month low of $5.17 and a 12 month high of $9.53. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $688.87 million during the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.

Hedge Funds Weigh In On Hafnia

A number of institutional investors and hedge funds have recently modified their holdings of HAFN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Hafnia by 82.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 431,462 shares of the company’s stock worth $1,795,000 after acquiring an additional 194,751 shares during the period. Jane Street Group LLC lifted its holdings in Hafnia by 241.6% in the first quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after acquiring an additional 576,629 shares during the period. JPMorgan Chase & Co. lifted its holdings in Hafnia by 26.8% in the second quarter. JPMorgan Chase & Co. now owns 233,532 shares of the company’s stock valued at $1,165,000 after acquiring an additional 49,409 shares during the period. First Trust Advisors LP lifted its holdings in Hafnia by 138.5% in the second quarter. First Trust Advisors LP now owns 144,871 shares of the company’s stock valued at $725,000 after acquiring an additional 84,140 shares during the period. Finally, Baird Financial Group Inc. purchased a new position in Hafnia in the second quarter worth about $131,000.

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.