Hafnia (HAFN) Stock Price, News & Analysis

Company Overview

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. It provides ship owning, ship-management, investment, management, corporate support, and agency office services. In addition, the company provides integrated shipping platform, including technical management, commercial and chartering services, pool management, and large-scale bunker desk services. Hafnia Limited is based in Hamilton, Bermuda.

Key Stats

• Today's Range: $5.23 to $5.40
• 50-Day Range: $5.17 to $7.73
• 52-Week Range: $5.13 to $8.99
• Volume: 2.60 million shs
• Average Volume: 614,571 shs
• Market Capitalization: $2.67 billion
• P/E Ratio: 3.36
• Dividend Yield: 30.74%
• Price Target: $9.00
• Consensus Rating: Buy

Hafnia Stock Analysis - MarketRank™

Hafnia scored higher than 73% of companies evaluated by MarketBeat, and ranked 55th out of 128 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Hafnia has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hafnia has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -26.42%

Earnings Growth

Earnings for Hafnia are expected to decrease by -26.42% in the coming year, from $1.59 to $1.17 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hafnia is 3.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hafnia is 3.36, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 14.24.

Price to Book Value per Share Ratio

Hafnia has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.97% of the float of Hafnia has been sold short.

Short Interest Ratio / Days to Cover

Hafnia has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hafnia has recently increased by 58.72%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Hafnia is a leading dividend payer. It pays a dividend yield of 30.97%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Hafnia does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hafnia is 103.19%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Hafnia will have a dividend payout ratio of 138.46% in the coming year. This indicates that Hafnia may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.97% of the float of Hafnia has been sold short.

Short Interest Ratio / Days to Cover

Hafnia has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hafnia has recently increased by 58.72%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.05

News Sentiment

Hafnia has a news sentiment score of -0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Hafnia this week, compared to 3 articles on an average week.

Search Interest

20 people have searched for HAFN on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.

MarketBeat Follows

28 people have added Hafnia to their MarketBeat watchlist in the last 30 days. This is an increase of 155% compared to the previous 30 days.

Company Ownership

• Score: N/A
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hafnia insiders have not sold or bought any company stock.

HAFN Stock Analysis - Frequently Asked Questions

How have HAFN shares performed this year?

Hafnia's stock was trading at $7.53 at the start of the year. Since then, HAFN stock has decreased by 30.0% and is now trading at $5.27.
View the best growth stocks for 2024 here.

How were Hafnia's earnings last quarter?

Hafnia Limited (NYSE:HAFN) issued its earnings results on Friday, August, 23rd. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The firm earned $417.36 million during the quarter, compared to the consensus estimate of $387.14 million. Hafnia had a net margin of 47.30% and a trailing twelve-month return on equity of 34.28%.

Who are Hafnia's major shareholders?

Top institutional shareholders of Hafnia include DekaBank Deutsche Girozentrale (0.60%), Barclays PLC (0.54%), Citigroup Inc. (0.15%) and Bank of Montreal Can (0.10%).

How do I buy shares of Hafnia?

Shares of HAFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hafnia own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hafnia investors own include TORM (TRMD), Energy Transfer (ET), Star Bulk Carriers (SBLK), ZIM Integrated Shipping Services (ZIM), FLEX LNG (FLNG), Dorian LPG (LPG) and AGNC Investment (AGNC).

Company Calendar

• Last Earnings: 8/23/2024
• Ex-Dividend for 9/13 Dividend: 9/03/2024
• Dividend Payable: 9/13/2024
• Today: 11/16/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Transportation services
• Sub-Industry: Transportation
• Current Symbol: NYSE:HAFN
• Previous Symbol: NYSE:HAFN
• CUSIP: N/A
• CIK: 1815779
• Web: hafniabw.com
• Phone: 006564343770
• Fax: N/A
• Employees: 5,040
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.00
• High Stock Price Target: $10.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +70.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.57
• Trailing P/E Ratio: 3.36
• Forward P/E Ratio: 3.31
• P/E Growth: N/A
• Net Income: $793.28 million
• Net Margins: 47.30%
• Pretax Margin: N/A
• Return on Equity: 34.28%
• Return on Assets: 20.51%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 1.49
• Quick Ratio: 1.33

Sales & Book Value

• Annual Sales: $1.92 billion
• Price / Sales: 1.39
• Cash Flow: $2.00 per share
• Price / Cash Flow: 2.64
• Book Value: $4.40 per share
• Price / Book: 1.20

Miscellaneous

• Outstanding Shares: 506,820,000
• Free Float: N/A
• Market Cap: $2.67 billion
• Optionable: N/A
• Beta: N/A