Jefferies Financial Group Has Lowered Expectations for Hafnia (NYSE:HAFN) Stock Price

Hafnia (NYSE:HAFN) had its price target dropped by equities research analysts at Jefferies Financial Group from $9.00 to $8.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 48.42% from the stock’s current price.

Hafnia Price Performance

Shares of NYSE HAFN traded up $0.16 during mid-day trading on Thursday, hitting $5.39. 1,384,349 shares of the company’s stock traded hands, compared to its average volume of 602,680. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.33. Hafnia has a 1 year low of $5.13 and a 1 year high of $8.99. The company’s 50-day moving average is $6.74 and its two-hundred day moving average is $7.56. The company has a market capitalization of $2.73 billion and a P/E ratio of 3.44.

Hafnia (NYSE:HAFN) last issued its quarterly earnings data on Friday, August 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $417.36 million for the quarter, compared to the consensus estimate of $387.14 million. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. On average, equities analysts anticipate that Hafnia will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Hafnia

Institutional investors have recently made changes to their positions in the company. Mondrian Investment Partners LTD purchased a new stake in Hafnia in the 2nd quarter worth about $43,000. Allspring Global Investments Holdings LLC bought a new position in shares of Hafnia during the second quarter valued at approximately $60,000. Prudential PLC purchased a new stake in shares of Hafnia in the second quarter worth approximately $100,000. Infrastructure Capital Advisors LLC bought a new stake in shares of Hafnia during the 3rd quarter worth approximately $119,000. Finally, TD Asset Management Inc purchased a new position in Hafnia during the 2nd quarter valued at $148,000.

Hafnia Company Profile

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.