DHT Holdings, Inc. (DHT) Receives Average Rating of “Hold” from Analysts
DHT Holdings, Inc. (NYSE:DHT) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.00.
A number of equities analysts have commented on the company. Stifel Nicolaus set a $5.00 target price on DHT Holdings and gave the company a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised DHT Holdings from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Maxim Group set a $7.00 target price on DHT Holdings and gave the company a “buy” rating in a report on Thursday, August 3rd. ValuEngine raised DHT Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub cut DHT Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.
Several institutional investors have recently made changes to their positions in DHT. Canyon Capital Advisors LLC acquired a new position in shares of DHT Holdings during the first quarter valued at approximately $7,620,000. Alliancebernstein L.P. grew its position in shares of DHT Holdings by 525.0% in the first quarter. Alliancebernstein L.P. now owns 773,780 shares of the shipping company’s stock valued at $3,459,000 after purchasing an additional 649,980 shares in the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of DHT Holdings in the second quarter valued at approximately $2,283,000. Marshall Wace North America L.P. purchased a new stake in shares of DHT Holdings in the second quarter valued at approximately $1,996,000. Finally, Numeric Investors LLC purchased a new stake in shares of DHT Holdings in the second quarter valued at approximately $1,874,000. 33.87% of the stock is owned by institutional investors and hedge funds.
DHT Holdings (NYSE:DHT) traded up 0.74% during trading on Wednesday, reaching $4.06. The company’s stock had a trading volume of 325,578 shares. The firm’s market capitalization is $577.93 million. The stock has a 50-day moving average of $3.93 and a 200 day moving average of $4.18. DHT Holdings has a one year low of $3.29 and a one year high of $5.20.
DHT Holdings (NYSE:DHT) last announced its earnings results on Tuesday, August 8th. The shipping company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. DHT Holdings had a positive return on equity of 6.07% and a negative net margin of 12.48%. The business had revenue of $59.63 million during the quarter, compared to analysts’ expectations of $58.47 million. On average, equities research analysts predict that DHT Holdings will post $0.23 EPS for the current fiscal year.
About DHT Holdings
DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.
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