Hafnia (NYSE:HAFN) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Hafnia (NYSE:HAFN - Get Free Report) announced its earnings results on Monday. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02, Zacks reports. Hafnia had a net margin of 37.26% and a return on equity of 18.74%. The business had revenue of $247.00 million during the quarter, compared to analysts' expectations of $256.84 million.Hafnia Price PerformanceTop Shipping Firms Driving Industry-Leading Revenue GrowthShares of HAFN traded down $0.11 during trading hours on Monday, reaching $5.89. 530,661 shares of the stock traded hands, compared to its average volume of 1,785,671. The company has a market cap of $2.98 billion, a P/E ratio of 6.92 and a beta of 0.92. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company's 50-day moving average price is $6.15 and its two-hundred day moving average price is $5.75. Hafnia has a 52-week low of $3.61 and a 52-week high of $6.64. Wall Street Analyst Weigh InHAFN has been the subject of a number of recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Hafnia in a research report on Wednesday, October 8th. Fearnley Fonds lowered Hafnia from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.50.Read Our Latest Report on HAFNInstitutional Investors Weigh In On HafniaA number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming purchased a new stake in shares of Hafnia during the second quarter worth about $57,000. Merit Financial Group LLC boosted its stake in Hafnia by 42.6% in the 3rd quarter. Merit Financial Group LLC now owns 15,555 shares of the company's stock worth $93,000 after purchasing an additional 4,644 shares during the period. Vise Technologies Inc. grew its holdings in Hafnia by 16.4% during the 3rd quarter. Vise Technologies Inc. now owns 16,326 shares of the company's stock valued at $98,000 after buying an additional 2,305 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in Hafnia during the 2nd quarter valued at approximately $112,000. Finally, PharVision Advisers LLC bought a new stake in shares of Hafnia during the third quarter valued at approximately $127,000. Hafnia Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than Hafnia3 Tickers Leading a Meme Stock Revival5 Healthcare Names to Watch as Sector Rotation Is in Full SwingDifferences Between Momentum Investing and Long Term Investing NuScale's Shocking Q3 Was a Bullish Signal in DisguiseHealth Care Stocks Explained: Why You Might Want to InvestIs Netflix Making a Calculated Play for the Dow Jones?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Hafnia Right Now?Before you consider Hafnia, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hafnia wasn't on the list.While Hafnia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here