DHT Holdings Inc. (DHT) Reaches New 52-Week Low at $4.78
DHT Holdings Inc. (NYSE:DHT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.78 and last traded at $4.99, with a volume of 1,434,288 shares changing hands. The stock had previously closed at $4.90.
DHT has been the topic of several research reports. Zacks Investment Research upgraded DHT Holdings from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research note on Tuesday, April 5th. JPMorgan Chase & Co. lowered their price target on DHT Holdings from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, April 7th. Finally, Seaport Global Securities restated a “buy” rating and set a $8.50 price target (down from $11.00) on shares of DHT Holdings in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $8.53.
The stock has a market cap of $426.95 million and a PE ratio of 4.11. The stock has a 50-day moving average of $5.26 and a 200-day moving average of $5.85.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings data on Monday, May 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The business had revenue of $90.20 million for the quarter, compared to analysts’ expectations of $90.02 million. During the same period in the previous year, the business earned $0.25 EPS. The firm’s revenue was up 22.7% on a year-over-year basis. On average, analysts expect that DHT Holdings Inc. will post $1.16 earnings per share for the current year.
Several large investors have added to or reduced their stakes in DHT. PNC Financial Services Group Inc. acquired a new stake in DHT Holdings during the fourth quarter worth $1,064,000. Robeco Institutional Asset Management B.V. acquired a new stake in DHT Holdings during the fourth quarter worth $1,150,000. California State Teachers Retirement System increased its stake in 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 during the last quarter. Pyrrho Capital Management LP acquired a new stake in DHT Holdings during the fourth quarter worth $1,638,000. Finally, Columbus Circle Investors increased its stake in 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 during 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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