DHT Holdings, Inc. (NYSE:DHT – Get Free Report) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 6,900,000 shares, a decrease of 6.3% from the August 15th total of 7,360,000 shares. Based on an average trading volume of 2,040,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 5.0% of the company’s stock are sold short.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. StockNews.com downgraded DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Stifel Nicolaus increased their target price on DHT from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.67.
Read Our Latest Stock Analysis on DHT
Hedge Funds Weigh In On DHT
DHT Price Performance
Shares of NYSE:DHT opened at $11.31 on Friday. The business has a 50 day moving average price of $11.05 and a 200 day moving average price of $11.38. DHT has a twelve month low of $9.28 and a twelve month high of $12.80. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 10.77 and a beta of -0.36. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36.
DHT (NYSE:DHT – Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $103.70 million during the quarter, compared to analyst estimates of $102.75 million. DHT had a net margin of 27.45% and a return on equity of 15.19%. The company’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the company earned $0.35 EPS. Research analysts predict that DHT will post 1.14 earnings per share for the current year.
DHT Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were issued a $0.27 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.08 annualized dividend and a yield of 9.55%. DHT’s dividend payout ratio (DPR) is 102.86%.
DHT Company Profile
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
Featured Articles
- Five stocks we like better than DHT
- Bank Stocks – Best Bank Stocks to Invest In
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- The Significance of Brokerage Rankings in Stock Selection
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- Learn Technical Analysis Skills to Master the Stock Market
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Receive News & Ratings for DHT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHT and related companies with MarketBeat.com's FREE daily email newsletter.