ValuEngine upgraded shares of DHT (NYSE:DHT) from a strong sell rating to a sell rating in a report issued on Wednesday morning.
Several other equities analysts also recently commented on the stock. DNB Markets upgraded shares of DHT from a hold rating to a buy rating in a research note on Tuesday, March 6th. Morgan Stanley upgraded shares of DHT from an equal weight rating to an overweight rating and set a $5.00 price target for the company in a research note on Monday, February 12th. Zacks Investment Research downgraded shares of DHT from a hold rating to a sell rating in a research note on Tuesday, January 16th. Pareto Securities upgraded shares of DHT from a hold rating to a buy rating in a research note on Tuesday, January 16th. Finally, Jefferies Group began coverage on shares of DHT in a research note on Monday, December 18th. They issued a buy rating and a $6.00 price target for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $5.75.
DHT (NYSE:DHT) opened at $3.60 on Wednesday. The company has a market cap of $512.70, a price-to-earnings ratio of 20.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.01 and a quick ratio of 1.65. DHT has a 12 month low of $3.27 and a 12 month high of $5.20.
DHT (NYSE:DHT) last posted its quarterly earnings results on Tuesday, February 6th. The shipping company reported ($0.05) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). The business had revenue of $56.60 million during the quarter, compared to the consensus estimate of $55.82 million. DHT had a net margin of 1.86% and a return on equity of 1.61%. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. sell-side analysts forecast that DHT will post -0.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.08 annualized dividend and a dividend yield of 2.22%. DHT’s dividend payout ratio (DPR) is currently 80.00%.
Several institutional investors have recently added to or reduced their stakes in DHT. Arrowstreet Capital Limited Partnership purchased a new stake in shares of DHT during the 4th quarter worth $143,000. Voya Investment Management LLC lifted its position in shares of DHT by 16.8% during the 2nd quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock worth $194,000 after purchasing an additional 6,737 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of DHT during the 4th quarter worth $232,000. Cubist Systematic Strategies LLC lifted its position in shares of DHT by 438.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 77,744 shares of the shipping company’s stock worth $309,000 after purchasing an additional 63,295 shares during the last quarter. Finally, B. Riley Financial Inc. purchased a new stake in shares of DHT during the 3rd quarter worth $490,000. 35.83% of the stock is owned by institutional investors and hedge funds.
DHT Company Profile
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 (VLCCs) 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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