DHT Holdings Inc. (DHT) Shares Down 1.4%
DHT Holdings Inc. (NYSE:DHT) shares fell 1.4% during trading on Friday . The stock traded as low as $4.97 and last traded at $4.99, with a volume of 794,056 shares. The stock had previously closed at $5.06.
Several brokerages recently commented on DHT. JPMorgan Chase & Co. reduced their target price on DHT Holdings from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, April 7th. Zacks Investment Research cut DHT Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Seaport Global Securities reissued a “buy” rating and set a $8.50 price objective (down from $11.00) on shares of DHT Holdings in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. DHT Holdings has an average rating of “Buy” and an average target price of $8.53.
The firm has a market capitalization of $463.39 million and a P/E ratio of 4.46. The firm’s 50 day moving average price is $5.14 and its 200 day moving average price is $5.66.
DHT Holdings (NYSE:DHT) last posted 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. During the same quarter in the previous year, the firm earned $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 revenue was up 22.7% compared to the same quarter last year. Equities research analysts predict that DHT Holdings Inc. will post $1.04 EPS for the current year.
Other hedge funds and institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised 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. PNC Financial Services Group Inc. purchased a new position in shares of DHT Holdings during the fourth quarter worth approximately $1,064,000. New York State Common Retirement Fund raised its position in shares of 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 worth $2,045,000 after buying an additional 167,945 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of DHT Holdings during the fourth quarter worth approximately $1,150,000. Finally, J. Goldman & Co LP purchased a new position in shares of DHT Holdings during the fourth quarter worth approximately $2,122,000.
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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