Double Hull Tankers (DHT) Earning Somewhat Favorable News Coverage, Report Finds

News articles about Double Hull Tankers (NYSE:DHT) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Double Hull Tankers earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 45.0814010671048 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

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Shares of Double Hull Tankers stock traded down $0.17 during midday trading on Friday, hitting $3.46. The company had a trading volume of 774,329 shares, compared to its average volume of 703,412. The firm has a market capitalization of $516.97, a P/E ratio of 26.62 and a beta of 0.66. The company has a quick ratio of 1.65, a current ratio of 2.01 and a debt-to-equity ratio of 0.78. Double Hull Tankers has a 12-month low of $3.27 and a 12-month high of $4.95.

Double Hull Tankers (NYSE:DHT) last announced its quarterly earnings data on Tuesday, February 6th. The shipping company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The firm had revenue of $56.60 million during the quarter, compared to analyst estimates of $55.82 million. Double Hull Tankers had a net margin of 1.86% and a return on equity of 1.61%. Double Hull Tankers’s revenue was down 15.5% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. research analysts anticipate that Double Hull Tankers will post -0.17 earnings per share for the current fiscal year.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Double Hull Tankers from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. ValuEngine raised shares of Double Hull Tankers from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 7th. DNB Markets raised shares of Double Hull Tankers from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Pareto Securities raised shares of Double Hull Tankers from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Finally, Jefferies Group assumed coverage on shares of Double Hull Tankers in a research report on Monday, December 18th. They set a “buy” rating and a $6.00 price target for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $5.60.

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Double Hull Tankers Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 21, 2017, its fleet consisted of 21 crude oil tankers, including 19 very large crude carriers and 2 Aframax tankers. The company was incorporated in 2010 and is headquartered in Hamilton, Bermuda.

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