ValuEngine cut shares of DHT (NYSE:DHT) from a buy rating to a hold rating in a research note published on Sunday, December 31st.
Other equities analysts have also issued research reports about the company. Jefferies Group reiterated a buy rating on shares of DHT in a research note on Thursday, October 19th. Maxim Group set a $7.00 price target on DHT and gave the stock a buy rating in a research note on Monday, November 27th. TheStreet upgraded DHT from a d+ rating to a c- rating in a research note on Monday, November 13th. Zacks Investment Research upgraded DHT from a sell rating to a hold rating in a research note on Thursday, November 16th. Finally, Stifel Nicolaus set a $5.00 price target on DHT and gave the stock a hold rating in a research note on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $6.00.
Shares of DHT (NYSE:DHT) opened at $3.82 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.81. DHT has a fifty-two week low of $3.52 and a fifty-two week high of $5.20. The stock has a market cap of $543.77, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 2.81 and a beta of 0.93.
DHT (NYSE:DHT) last issued its quarterly earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The company had revenue of $54.80 million during the quarter, compared to the consensus estimate of $50.43 million. DHT had a return on equity of 4.84% and a net margin of 9.68%. DHT’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned ($0.81) earnings per share. equities research analysts anticipate that DHT will post 0.19 earnings per share for the current year.
A number of large investors have recently made changes to their positions in the business. State Street Corp raised its stake in shares of DHT by 15.7% during the 2nd quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock worth $9,911,000 after buying an additional 323,923 shares during the period. Prudential Financial Inc. raised its stake in shares of DHT by 1.7% during the 3rd quarter. Prudential Financial Inc. now owns 980,540 shares of the shipping company’s stock worth $3,903,000 after buying an additional 15,950 shares during the period. State of Wisconsin Investment Board increased its position in shares of DHT by 63.9% during the third quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock worth $3,587,000 after purchasing an additional 351,300 shares in the last quarter. Amerigo Asset Management purchased a new stake in shares of DHT during the third quarter worth approximately $3,345,000. Finally, California Public Employees Retirement System increased its position in shares of DHT by 2.2% during the second quarter. California Public Employees Retirement System now owns 691,858 shares of the shipping company’s stock worth $2,871,000 after purchasing an additional 15,000 shares in the last quarter. 35.70% of the stock is owned by institutional investors.
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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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