DHT Holdings Inc (NYSE:DHT) has been assigned an average recommendation of “Buy” from the nine research firms that are covering the company. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $6.30.
A number of analysts recently commented on the company. Zacks Investment Research raised DHT Holdings from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, March 29th. Stifel Nicolaus boosted their target price on DHT Holdings from $4.50 to $5.00 and gave the company a “hold” rating in a research report on Monday, January 30th.
Shares of DHT Holdings (NYSE:DHT) traded up 1.31% during trading on Monday, hitting $4.65. The stock had a trading volume of 899,456 shares. The stock has a 50 day moving average price of $4.72 and a 200-day moving average price of $4.32. The stock has a market capitalization of $439.99 million, a price-to-earnings ratio of 46.97 and a beta of 1.16. DHT Holdings has a one year low of $3.29 and a one year high of $6.10.
DHT Holdings (NYSE:DHT) last issued its earnings results on Monday, January 30th. The shipping company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.06. DHT Holdings had a return on equity of 11.97% and a net margin of 2.87%. The business earned $67 million during the quarter, compared to analyst estimates of $66.49 million. During the same period in the previous year, the company posted $0.31 EPS. The firm’s revenue was down 16.2% compared to the same quarter last year. On average, equities research analysts predict that DHT Holdings will post $0.35 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Stevens Capital Management LP raised its stake in shares of DHT Holdings by 203.8% in the third quarter. Stevens Capital Management LP now owns 32,203 shares of the shipping company’s stock worth $135,000 after buying an additional 21,602 shares during the last quarter. RFG Advisory Group LLC purchased a new stake in shares of DHT Holdings during the fourth quarter worth approximately $167,000. Strategic Investment Management LLC raised its stake in shares of DHT Holdings by 16.9% in the fourth quarter. Strategic Investment Management LLC now owns 41,790 shares of the shipping company’s stock worth $173,000 after buying an additional 6,035 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of DHT Holdings during the third quarter worth approximately $183,000. Finally, DnB Asset Management AS purchased a new stake in shares of DHT Holdings during the first quarter worth approximately $360,000. 59.90% of the stock is owned by institutional investors and hedge funds.
DHT Holdings Company Profile
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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