DHT Holdings Inc (NYSE:DHT) – Jefferies Group issued their FY2017 EPS estimates for DHT in a report released on Monday, according to Zacks Investment Research. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings per share of $0.20 for the year. Jefferies Group currently has a “Buy” rating and a $6.00 price target on the stock. Jefferies Group also issued estimates for DHT’s Q4 2017 earnings at $0.03 EPS and FY2018 earnings at $0.45 EPS.
Several other brokerages have also issued reports on DHT. Stifel Nicolaus set a $5.00 target price on shares of DHT and gave the stock a “hold” rating in a research note on Sunday, October 29th. ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Maxim Group set a $7.00 target price on shares of DHT and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, TheStreet raised shares of DHT from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.00.
DHT (DHT) remained flat at $$3.82 on Wednesday. The company’s stock had a trading volume of 470,700 shares, compared to its average volume of 623,870. The company has a market capitalization of $543.77, a price-to-earnings ratio of 11.94, a PEG ratio of 2.81 and a beta of 0.93. DHT has a 1 year low of $3.52 and a 1 year high of $5.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.65 and a quick ratio of 1.65.
DHT (NYSE:DHT) last posted its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. DHT had a net margin of 9.68% and a return on equity of 4.84%. The company had revenue of $54.80 million during the quarter, compared to analysts’ expectations of $50.43 million. During the same period in the prior year, the company posted ($0.81) earnings per share. DHT’s revenue for the quarter was up 8.9% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in DHT. Renaissance Technologies LLC bought a new position in shares of DHT in the first quarter valued at $645,000. Bank of America Corp DE raised its holdings in shares of DHT by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock valued at $119,000 after purchasing an additional 12,407 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of DHT in the second quarter valued at about $2,283,000. SG Americas Securities LLC raised its holdings in shares of DHT by 109.7% in the second quarter. SG Americas Securities LLC now owns 74,792 shares of the shipping company’s stock valued at $310,000 after purchasing an additional 39,125 shares during the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in shares of DHT in the second quarter valued at about $1,996,000. 35.70% of the stock is currently owned by hedge funds and other institutional investors.
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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 (VLCC) 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.
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