DHT Holdings Rating Increased to Hold at TheStreet (DHT)
DHT Holdings (NYSE:DHT) was upgraded by equities researchers at TheStreet to a “hold” rating in a research report issued on Monday, American Banking and Market News reports.
Shares of DHT Holdings (NYSE:DHT) traded down 7.54% during mid-day trading on Monday, hitting $7.48. 158,877 shares of the company’s stock traded hands. DHT Holdings has a one year low of $3.99 and a one year high of $8.57. The stock’s 50-day moving average is $6.92 and its 200-day moving average is $5.21. The company’s market cap is $217.2 million.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.23) by $0.27. Analysts expect that DHT Holdings will post $-1.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 13th. Investors of record on Thursday, February 6th will be given a dividend of 0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, February 4th.
A number of other firms have also recently commented on DHT. Analysts at Evercore Partners raised their price target on shares of DHT Holdings from $6.00 to $6.50 in a research note to investors on Friday. Separately, analysts at Zacks upgraded shares of DHT Holdings from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $8.50 price target on the stock. Finally, analysts at Maxim Group raised their price target on shares of DHT Holdings from $8.50 to $10.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. DHT Holdings presently has an average rating of “Buy” and a consensus target price of $7.10.
DHT Holdings, Inc, formerly DHT Maritime Inc, operates a fleet of double-hull tankers. As of March 25, 2010, the Company’s fleet consists of three very large crude carriers (NYSE:DHT), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), two Suezmax tankers, which are tankers ranging in size from 130,000 to 170,000 dwt, and four Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.
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