Hafnia (HAFN) Gets Downgraded to Hold From Buy by DNB Carnegie – Here’s Why

Hafnia Limited (NYSE:HAFN) is one of the best affordable stocks to buy under $10. On March 12, Hafnia Ltd (NYSE:HAFN) was downgraded to Hold from Buy by DNB Carnegie, with the firm setting a price target of NOK 73. In its condensed consolidated interim financial information for fiscal Q4 and the full year 2025, Hafnia Ltd (NYSE:HAFN) reported that it delivered the strongest quarterly result for 2025 in Q4, recording a net profit of USD 109.7 million for the quarter, which included $9.5 million from gains on vessel sales. The company’s fee-based business generated $6.9 million, bringing its full-year net profit to $339.7 million.

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The company further reported that at the end of fiscal Q4, its net asset value (NAV1 ) was approximately USD 3.5 billion, equivalent to USD 7.04 (~NOK 70.79) per share. In addition, its net Loan-to-Value (LTV) ratio rose from 20.5% in the third quarter to 24.9%. This primarily highlighted its investment in TORM, with its market value included in the calculation.

Hafnia Ltd (NYSE:HAFN) provides offshore oil and gas transportation services. The company’s operations are divided into the following segments: Long Range II (LR2), Long Range I (LR1), Medium Range (MR), Handy Size (Handy), Chemical Handy Size (Chemical-Handy), Chemical Medium Range (Chemical-MR), and Chemical Stainless (Chemical-Stainless).

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