DHT Holdings Inc. (NYSE:DHT) Receives Consensus Rating of “Hold” from Analysts
DHT Holdings Inc. (NYSE:DHT) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $8.33.
A number of analysts have recently issued reports on the company. Zacks Investment Research raised DHT Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Morgan Stanley set a $7.00 target price on DHT Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Jefferies Group reaffirmed a “buy” rating on shares of DHT Holdings in a research report on Monday, August 22nd. TheStreet lowered DHT Holdings from a “buy” rating to a “hold” rating in a research report on Monday, September 19th. Finally, Wells Fargo & Co. assumed coverage on DHT Holdings in a research report on Monday, September 26th. They set a “market perform” rating on the stock.
A number of institutional investors have recently bought and sold shares of the company. WealthTrust Axiom LLC bought a new position in shares of DHT Holdings during the second quarter worth approximately $102,000. Acrospire Investment Management LLC bought a new position in shares of DHT Holdings during the first quarter worth approximately $254,000. InterOcean Capital LLC increased its position in shares of DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock worth $276,000 after buying an additional 1,150 shares during the last quarter. Zacks Investment Management bought a new position in shares of DHT Holdings during the second quarter worth approximately $277,000. Finally, Carleon Capital Partners LLC bought a new position in shares of DHT Holdings during the second quarter worth approximately $326,000. Institutional investors and hedge funds own 67.66% of the company’s stock.
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DHT Holdings (NYSE:DHT) traded up 0.571% during mid-day trading on Monday, reaching $4.405. The company’s stock had a trading volume of 787,196 shares. DHT Holdings has a 12 month low of $4.00 and a 12 month high of $8.48. The firm has a market capitalization of $411.28 million, a PE ratio of 3.611 and a beta of 1.00. The stock’s 50-day moving average is $4.33 and its 200-day moving average is $5.10.
DHT Holdings (NYSE:DHT) last announced its earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.44 million. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts anticipate that DHT Holdings will post $1.02 EPS for the current year.
DHT Holdings Company Profile
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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