DHT Holdings Inc (NYSE:DHT) Receives $7.00 Average Price Target from Analysts

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Shares of DHT Holdings Inc (NYSE:DHT) have earned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.00.

A number of equities analysts have recently weighed in on DHT shares. Zacks Investment Research downgraded shares of DHT from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Evercore ISI reaffirmed a “buy” rating and issued a $8.00 price target on shares of DHT in a research note on Thursday, August 8th. Finally, ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th.

Shares of NYSE DHT traded down $0.19 during mid-day trading on Friday, reaching $5.49. The company had a trading volume of 1,327,651 shares, compared to its average volume of 1,089,568. DHT has a twelve month low of $3.60 and a twelve month high of $6.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 1.29. The stock has a market capitalization of $807.90 million, a PE ratio of 81.14, a price-to-earnings-growth ratio of 5.50 and a beta of 0.54. The stock’s 50 day moving average is $5.69 and its 200-day moving average is $5.20.

DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, August 6th. The shipping company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03). DHT had a negative net margin of 0.54% and a positive return on equity of 1.10%. The business had revenue of $61.20 million for the quarter, compared to the consensus estimate of $56.37 million. During the same period in the prior year, the business posted ($0.20) earnings per share. DHT’s revenue for the quarter was up 77.9% compared to the same quarter last year. On average, sell-side analysts anticipate that DHT will post 0.21 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 22nd will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, August 21st. DHT’s dividend payout ratio (DPR) is presently -32.00%.

A number of institutional investors have recently bought and sold shares of DHT. Renaissance Technologies LLC increased its position in DHT by 35.0% during the second quarter. Renaissance Technologies LLC now owns 7,029,887 shares of the shipping company’s stock worth $41,547,000 after buying an additional 1,822,717 shares during the last quarter. DNB Asset Management AS increased its position in DHT by 792.4% during the second quarter. DNB Asset Management AS now owns 1,579,600 shares of the shipping company’s stock worth $9,320,000 after buying an additional 1,402,600 shares during the last quarter. Dimensional Fund Advisors LP increased its position in DHT by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock worth $36,087,000 after buying an additional 707,575 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in DHT during the first quarter worth $2,674,000. Finally, Nuveen Asset Management LLC acquired a new position in DHT during the second quarter worth $3,439,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

See Also: Fundamental Analysis

Analyst Recommendations for DHT (NYSE:DHT)

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