DHT Holdings Inc. (DHT) Trading Down 5.4%
DHT Holdings Inc. (NYSE:DHT) shares were down 5.4% on Thursday . The company traded as low as $4.67 and last traded at $4.70, with a volume of 2,025,135 shares changing hands. The stock had previously closed at $4.97.
A number of research analysts have weighed in on DHT shares. Zacks Investment Research raised shares of DHT Holdings from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research report on Tuesday, April 5th. JPMorgan Chase & Co. reduced their price target on shares of DHT Holdings from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $8.50 price target (down from $11.00) on shares of DHT Holdings in a research report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $8.53.
The company has a market capitalization of $426.95 million and a price-to-earnings ratio of 4.11. The stock has a 50 day moving average price of $5.29 and a 200 day moving average price of $5.86.
DHT Holdings (NYSE:DHT) last issued its earnings results on Monday, May 2nd. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.08. The firm earned $90.20 million during the quarter, compared to the consensus estimate of $90.02 million. DHT Holdings’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. Equities research analysts expect that DHT Holdings Inc. will post $1.16 EPS for the current year.
Several institutional investors have modified their holdings of the stock. California State Teachers Retirement System increased its position in shares of DHT Holdings by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 172,080 shares of the company’s stock worth $1,392,000 after buying an additional 3,100 shares in the last quarter. Columbus Circle Investors increased its position in shares of DHT Holdings by 25.0% in the fourth quarter. Columbus Circle Investors now owns 250,000 shares of the company’s stock worth $2,023,000 after buying an additional 50,000 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of DHT Holdings during the fourth quarter worth $1,064,000. Engineers Gate Manager LP increased its position in shares of DHT Holdings by 74.7% in the fourth quarter. Engineers Gate Manager LP now owns 308,597 shares of the company’s stock worth $2,497,000 after buying an additional 131,950 shares in the last quarter. Finally, UBS Oconnor LLC increased its position in shares of DHT Holdings by 13.0% in the fourth quarter. UBS Oconnor LLC now owns 1,219,514 shares of the company’s stock worth $9,866,000 after buying an additional 140,514 shares in the last quarter.
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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