According to Zacks, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. “
A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Co. assumed coverage on shares of DHT Holdings in a report on Monday, September 26th. They issued a market perform rating for the company. TheStreet cut shares of DHT Holdings from a buy rating to a hold rating in a report on Monday, September 19th. Jefferies Group reaffirmed a buy rating on shares of DHT Holdings in a report on Monday, September 12th. Finally, Morgan Stanley cut shares of DHT Holdings from an overweight rating to an equal weight rating and cut their target price for the stock from $7.00 to $5.50 in a research note on Thursday, August 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $7.78.
Shares of DHT Holdings (NYSE:DHT) traded down 1.62% on Tuesday, hitting $4.26. 283,100 shares of the company were exchanged. The stock has a market capitalization of $397.74 million, a PE ratio of 3.49 and a beta of 1.00. The firm’s 50-day moving average is $4.28 and its 200-day moving average is $5.07. DHT Holdings has a 52-week low of $4.00 and a 52-week high of $8.47.
DHT Holdings (NYSE:DHT) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The company earned $83.20 million during the quarter, compared to analysts’ expectations of $82.44 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts predict that DHT Holdings will post $1.02 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in DHT Holdings by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,951,478 shares of the company’s stock worth $39,996,000 after buying an additional 40,984 shares during the last quarter. BlackRock Fund Advisors raised its position in DHT Holdings by 0.8% in the second quarter. BlackRock Fund Advisors now owns 2,349,759 shares of the company’s stock worth $11,819,000 after buying an additional 17,977 shares during the last quarter. Allianz Asset Management AG raised its position in DHT Holdings by 34.2% in the second quarter. Allianz Asset Management AG now owns 1,945,209 shares of the company’s stock worth $9,785,000 after buying an additional 496,095 shares during the last quarter. AJO LP raised its position in DHT Holdings by 40.2% in the second quarter. AJO LP now owns 1,886,459 shares of the company’s stock worth $9,489,000 after buying an additional 540,804 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in DHT Holdings by 5.0% in the second quarter. Global X Management Co. LLC now owns 1,169,485 shares of the company’s stock worth $5,883,000 after buying an additional 55,416 shares during the last quarter. Hedge funds and other institutional investors own 67.66% of the company’s stock.
About DHT Holdings
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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