DHT Holdings Inc (NYSE:DHT) shares shot up 0% during mid-day trading on Friday . The stock traded as high as $3.89 and last traded at $3.86. 1,091,602 shares traded hands during trading, an increase of 19% from the average session volume of 916,412 shares. The stock had previously closed at $3.86.
Several brokerages recently issued reports on DHT. Maxim Group set a $7.00 price objective on DHT and gave the stock a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research downgraded DHT from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Pareto Securities upgraded DHT from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. ValuEngine upgraded DHT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 7th. Finally, DNB Markets upgraded DHT from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.75.
The company has a current ratio of 2.01, a quick ratio of 1.65 and a debt-to-equity ratio of 0.78. The stock has a market cap of $549.73, a price-to-earnings ratio of 21.44 and a beta of 0.65.
DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The company had revenue of $56.60 million during the quarter, compared to the consensus estimate of $55.82 million. DHT had a return on equity of 1.61% and a net margin of 1.86%. DHT’s revenue was down 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. equities research analysts anticipate that DHT Holdings Inc will post -0.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were issued a $0.02 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.08 annualized dividend and a yield of 2.07%. DHT’s dividend payout ratio (DPR) is presently 80.00%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners acquired a new stake in shares of DHT during the 4th quarter worth $3,245,000. Renaissance Technologies LLC increased its holdings in shares of DHT by 37.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,958,700 shares of the shipping company’s stock worth $7,032,000 after buying an additional 531,400 shares during the last quarter. State of Wisconsin Investment Board increased its holdings in shares of DHT by 63.9% during the 3rd quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock worth $3,587,000 after buying an additional 351,300 shares during the last quarter. State Street Corp increased its holdings 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 last quarter. Finally, BlackRock Inc. increased its holdings in shares of DHT by 4.5% during the 4th quarter. BlackRock Inc. now owns 4,045,157 shares of the shipping company’s stock worth $14,522,000 after buying an additional 174,219 shares during the last quarter. Institutional investors own 35.83% of the company’s stock.
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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 (VLCCs) 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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