DHT (DHT) Upgraded at Morgan Stanley

DHT (NYSE:DHT) was upgraded by stock analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Monday, MarketBeat.com reports. The firm presently has a $5.00 price target on the shipping company’s stock. Morgan Stanley’s target price would suggest a potential upside of 33.33% from the stock’s previous close.

Several other equities research analysts have also commented on DHT. Jefferies Group reiterated a “buy” rating on shares of DHT in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Stifel Nicolaus set a $5.00 price objective on shares of DHT and gave the company a “hold” rating in a research note on Sunday, October 29th. Maxim Group set a $7.00 price objective on shares of DHT and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, TheStreet upgraded shares of DHT from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $5.75.

DHT (NYSE:DHT) traded up $0.14 during trading hours on Monday, reaching $3.75. 1,734,474 shares of the company’s stock traded hands, compared to its average volume of 1,060,000. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.65 and a current ratio of 2.01. The stock has a market cap of $533.80, a price-to-earnings ratio of 46.88 and a beta of 0.78. DHT has a 52-week low of $3.27 and a 52-week high of $5.20.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, February 6th. The shipping company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The firm had revenue of $56.60 million during the quarter, compared to analyst estimates of $55.82 million. DHT had a net margin of 1.86% and a return on equity of 1.61%. The company’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. analysts expect that DHT will post -0.17 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of DHT during the 4th quarter worth approximately $143,000. Voya Investment Management LLC increased its stake in shares of DHT by 16.8% during the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock worth $194,000 after purchasing an additional 6,737 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of DHT by 11.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after purchasing an additional 7,388 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of DHT by 438.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock worth $309,000 after purchasing an additional 63,295 shares during the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in shares of DHT during the 3rd quarter worth approximately $490,000. Institutional investors own 35.85% of the company’s stock.

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DHT Company Profile

DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.

Analyst Recommendations for DHT (NYSE:DHT)

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