DHT (NYSE:DHT) was upgraded by investment analysts at DNB Markets from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.
DHT has been the subject of several other research reports. Morgan Stanley increased their price target on DHT from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. Wells Fargo & Co increased their price target on DHT from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, November 5th. ValuEngine cut DHT from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Zacks Investment Research cut DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, TheStreet raised DHT from a “d+” rating to a “c” rating in a research note on Thursday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $6.08.
NYSE:DHT opened at $3.94 on Tuesday. DHT has a 1 year low of $3.28 and a 1 year high of $5.60. The firm has a market capitalization of $534.08 million, a PE ratio of -15.76 and a beta of 0.48. The company has a quick ratio of 1.47, a current ratio of 1.78 and a debt-to-equity ratio of 1.01.
DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 6th. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.02). DHT had a negative return on equity of 4.12% and a negative net margin of 14.05%. The business had revenue of $85.20 million during the quarter, compared to the consensus estimate of $84.83 million. During the same period in the previous year, the company posted ($0.05) EPS. The company’s revenue for the quarter was up 50.5% compared to the same quarter last year. As a group, sell-side analysts predict that DHT will post 0.15 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in DHT. LSV Asset Management boosted its stake in DHT by 93.8% during the fourth quarter. LSV Asset Management now owns 5,905,497 shares of the shipping company’s stock valued at $47,775,000 after buying an additional 2,858,107 shares in the last quarter. Canyon Capital Advisors LLC bought a new position in DHT during the first quarter valued at about $7,620,000. Lansdowne Partners UK LLP boosted its stake in DHT by 185.4% during the second quarter. Lansdowne Partners UK LLP now owns 2,581,741 shares of the shipping company’s stock valued at $12,109,000 after buying an additional 1,677,197 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in DHT by 28.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,229,244 shares of the shipping company’s stock valued at $50,395,000 after buying an additional 1,377,790 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in DHT during the fourth quarter valued at about $11,099,000. 40.48% of the stock is owned by institutional investors and hedge funds.
DHT Company Profile
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.
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