DHT Holdings Inc. (DHT) Stock Rating Lowered by Zacks Investment Research
DHT Holdings Inc. (NYSE:DHT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
According to Zacks, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. “
A number of other research firms also recently commented on DHT. Jefferies Group restated a “buy” rating on shares of DHT Holdings in a report on Monday, August 22nd. Morgan Stanley set a $7.00 price objective on DHT Holdings and gave the stock a “buy” rating in a report on Wednesday, August 10th. Wells Fargo & Co. began coverage on DHT Holdings in a report on Monday, September 26th. They issued a “market perform” rating on the stock. Finally, TheStreet downgraded DHT Holdings from a “buy” rating to a “hold” rating in a report on Monday, September 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.78.
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DHT Holdings (NYSE:DHT) traded down 1.59% on Tuesday, hitting $4.33. The stock had a trading volume of 1,446,495 shares. The stock has a market cap of $404.27 million, a price-to-earnings ratio of 3.55 and a beta of 1.00. DHT Holdings has a one year low of $4.00 and a one year high of $8.48. The stock’s 50 day moving average is $4.30 and its 200 day moving average is $5.08.
DHT Holdings (NYSE:DHT) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $83.20 million for the quarter, compared to the consensus estimate of $82.44 million. DHT Holdings had a return on equity of 17.09% and a net margin of 33.81%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS. Analysts anticipate that DHT Holdings will post $1.02 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. WealthTrust Axiom LLC acquired a new stake in DHT Holdings during the second quarter valued at about $102,000. InterOcean Capital LLC increased its stake in DHT Holdings by 2.1% in the second quarter. InterOcean Capital LLC now owns 54,825 shares of the company’s stock valued at $276,000 after buying an additional 1,150 shares in the last quarter. Zacks Investment Management acquired a new stake in DHT Holdings during the second quarter valued at about $277,000. Carleon Capital Partners LLC acquired a new stake in DHT Holdings during the second quarter valued at about $326,000. Finally, Emerald Acquisition Ltd. acquired a new stake in DHT Holdings during the second quarter valued at about $335,000. Institutional investors own 67.66% of the company’s stock.
About DHT Holdings
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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