DHT (NYSE:DHT) Stock Rating Upgraded by Wall Street Zen

DHT (NYSE:DHT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. BTIG Research reiterated a “buy” rating and set a $16.00 price target on shares of DHT in a report on Thursday, October 30th. Jefferies Financial Group reissued a “buy” rating and issued a $16.00 price objective on shares of DHT in a research report on Thursday, October 30th. Finally, Evercore ISI raised their target price on shares of DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, DHT currently has an average rating of “Moderate Buy” and a consensus price target of $15.67.

DHT Trading Down 0.1%

Shares of DHT stock opened at $13.27 on Friday. DHT has a 1 year low of $8.99 and a 1 year high of $13.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 2.02. The business has a 50 day moving average price of $12.84 and a 200 day moving average price of $12.15. The company has a market capitalization of $2.13 billion, a P/E ratio of 10.70 and a beta of -0.07.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.11. DHT had a return on equity of 17.05% and a net margin of 41.17%.The company had revenue of $107.35 million during the quarter, compared to the consensus estimate of $78.83 million. During the same quarter last year, the business posted $0.22 earnings per share. DHT’s revenue was down 14.6% compared to the same quarter last year. Sell-side analysts anticipate that DHT will post 0.94 EPS for the current fiscal year.

Hedge Funds Weigh In On DHT

A number of hedge funds have recently made changes to their positions in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of DHT during the 4th quarter worth $589,000. TrueMark Investments LLC acquired a new stake in DHT during the fourth quarter worth about $891,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of DHT in the 4th quarter worth about $134,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of DHT in the 4th quarter worth about $137,000. Finally, Baron Wealth Management LLC lifted its stake in shares of DHT by 21.1% in the 4th quarter. Baron Wealth Management LLC now owns 14,158 shares of the shipping company’s stock valued at $173,000 after purchasing an additional 2,469 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

About DHT

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.