DHT Holdings Inc (DHT) Receives $6.00 Average PT from Brokerages

DHT Holdings Inc (NYSE:DHT) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $6.00.

Several brokerages have recently issued reports on DHT. Zacks Investment Research cut 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 cut DHT from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Jefferies Group began coverage on DHT in a research report on Monday, December 18th. They set a “buy” rating and a $6.00 price target on the stock. Finally, Maxim Group set a $7.00 price target on DHT and gave the company a “buy” rating in a research report on Monday, November 27th.

Shares of DHT (DHT) traded up $0.03 during mid-day trading on Friday, hitting $3.92. The stock had a trading volume of 1,184,400 shares, compared to its average volume of 936,623. DHT has a one year low of $3.52 and a one year high of $5.20. The firm has a market cap of $548.04, a PE ratio of 12.25, a PEG ratio of 3.89 and a beta of 0.93. 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 (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, beating the consensus estimate of ($0.08) by $0.04. DHT had a return on equity of 4.84% and a net margin of 9.68%. The company had revenue of $54.80 million for the quarter, compared to analysts’ expectations of $50.43 million. During the same period last year, the firm earned ($0.81) EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. sell-side analysts predict that DHT will post 0.19 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of DHT. Amerigo Asset Management acquired a new position in shares of DHT in the 3rd quarter worth $3,345,000. Numeric Investors LLC acquired a new stake in shares of DHT in the second quarter worth $1,874,000. State of Wisconsin Investment Board boosted its position in shares of DHT by 63.9% in the third 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 period. State Street Corp boosted its position in shares of DHT by 15.7% in the second 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. Finally, Williams Jones & Associates LLC boosted its position in shares of DHT by 81.9% in the second quarter. Williams Jones & Associates LLC now owns 379,773 shares of the shipping company’s stock worth $1,576,000 after buying an additional 171,030 shares during the period. Institutional investors and hedge funds own 35.72% of the company’s stock.

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About DHT

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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