StockNews.com Upgrades DHT (NYSE:DHT) to Hold

DHT (NYSE:DHT) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other equities research analysts also recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a $14.00 target price on shares of DHT in a report on Wednesday. BTIG Research started coverage on shares of DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price objective for the company. Stifel Nicolaus dropped their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Finally, Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

DHT Trading Down 3.2 %

Shares of NYSE:DHT opened at $10.45 on Thursday. The company has a 50-day simple moving average of $10.92 and a 200 day simple moving average of $11.27. The company has a market capitalization of $1.69 billion, a P/E ratio of 10.45 and a beta of -0.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.41. DHT has a 52-week low of $9.28 and a 52-week high of $12.80.

DHT (NYSE:DHT) last announced its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. Sell-side analysts forecast that DHT will post 1 earnings per share for the current year.

Institutional Trading of DHT

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in shares of DHT by 28.9% during the 1st quarter. BNP Paribas Financial Markets now owns 102,270 shares of the shipping company’s stock valued at $1,176,000 after acquiring an additional 22,960 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of DHT in the first quarter valued at approximately $144,000. Headlands Technologies LLC bought a new position in DHT in the 1st quarter valued at approximately $51,000. Russell Investments Group Ltd. raised its holdings in DHT by 8.7% in the 1st quarter. Russell Investments Group Ltd. now owns 619,634 shares of the shipping company’s stock valued at $7,126,000 after buying an additional 49,657 shares during the last quarter. Finally, US Bancorp DE boosted its position in DHT by 4,149.5% during the 1st quarter. US Bancorp DE now owns 28,854 shares of the shipping company’s stock worth $332,000 after buying an additional 28,175 shares during the period. Institutional investors own 58.53% of the company’s stock.

About DHT

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.