Hafnia Limited (NYSE:HAFN) Stock Has Consensus Price Target of $12.00 According to Analysts

Shares of Hafnia Limited (NYSE:HAFN) have been assigned a consensus rating of “Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $12.00.

A number of equities research analysts recently weighed in on HAFN shares. Wall Street Zen cut shares of Hafnia from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Pareto Securities upgraded shares of Hafnia from a “hold” rating to a “buy” rating in a research report on Tuesday, September 29th. BTIG Research raised their target price on shares of Hafnia from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Finally, Weiss Ratings raised shares of Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC boosted its stake in Hafnia by 46.6% during the third quarter. CWA Asset Management Group LLC now owns 739,605 shares of the company’s stock valued at $7,352,000 after buying an additional 235,043 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Hafnia by 3.8% during the third quarter. TD Waterhouse Canada Inc. now owns 93,010 shares of the company’s stock worth $936,000 after acquiring an additional 3,413 shares during the period. Engineers Gate Manager LP grew its holdings in Hafnia by 45.1% during the second quarter. Engineers Gate Manager LP now owns 199,008 shares of the company’s stock worth $1,321,000 after acquiring an additional 61,859 shares during the period. Squarepoint Ops LLC bought a new stake in Hafnia in the second quarter worth about $410,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in Hafnia in the second quarter worth about $1,719,000.

Hafnia Stock Down 0.2%

HAFN opened at $9.98 on Tuesday. Hafnia has a 12 month low of $5.17 and a 12 month high of $11.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.49. The stock has a market cap of $5.12 billion, a P/E ratio of 7.56 and a beta of 0.52. The stock’s 50 day moving average price is $9.18 and its 200 day moving average price is $8.31.

Hafnia (NYSE:HAFN) last announced its quarterly earnings results on Saturday, August 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $834.53 million during the quarter, compared to analyst estimates of $394.57 million. Hafnia had a return on equity of 26.74% and a net margin of 56.72%.

Hafnia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th were paid a $0.5003 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 20.0%. This is an increase from Hafnia’s previous quarterly dividend of $0.2877. Hafnia’s dividend payout ratio (DPR) is currently 151.52%.

About Hafnia

Hafnia Limited is a global owner and operator of product tankers that transport refined petroleum products, chemicals, and vegetable oils. The company provides maritime transportation services to energy companies, commodity traders, and industrial customers through a fleet of vessels serving international shipping routes.

In addition to owning and operating tankers, Hafnia offers commercial management, chartering, pool management, and technical and operational services. Its activities span the transportation of clean petroleum products, including gasoline, diesel, and jet fuel, as well as other liquid cargoes.

Hafnia is headquartered in Singapore and operates internationally, with activities and offices serving major energy and shipping markets.