DHT Holdings Inc. (DHT) Trading 2.9% Higher
Shares of DHT Holdings Inc. (NYSE:DHT) traded up 2.9% on Monday . The company traded as high as $4.99 and last traded at $4.97, with a volume of 793,855 shares. The stock had previously closed at $4.83.
A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of DHT Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. JPMorgan Chase & Co. cut their price objective on shares of DHT Holdings from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, April 7th. Finally, Seaport Global Securities reissued a “buy” rating and set a $8.50 price objective (down previously from $11.00) on shares of DHT Holdings in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $8.53.
The company has a market cap of $464.32 million and a P/E ratio of 4.47. The company has a 50 day moving average of $5.18 and a 200 day moving average of $5.73.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings results 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. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company earned $90.20 million during the quarter, compared to analyst estimates of $90.02 million. The company’s quarterly revenue was up 22.7% on a year-over-year basis. Equities research analysts predict that DHT Holdings Inc. will post $1.08 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. RR Advisors LLC purchased a new stake in DHT Holdings during the fourth quarter valued at about $5,663,000. Systematic Financial Management LP purchased a new stake in DHT Holdings during the fourth quarter valued at about $3,333,000. J. Goldman & Co LP purchased a new stake in DHT Holdings during the fourth quarter valued at about $2,122,000. Pyrrho Capital Management LP purchased a new stake in DHT Holdings during the fourth quarter valued at about $1,638,000. Finally, New York State Common Retirement Fund raised its stake in DHT Holdings by 198.0% in the fourth quarter. New York State Common Retirement Fund now owns 252,745 shares of the company’s stock valued at $2,045,000 after buying an additional 167,945 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.