DHT Holdings Inc. (DHT) Trading Down 1.4%
Shares of DHT Holdings Inc. (NYSE:DHT) were down 1.4% during mid-day trading on Friday . The company traded as low as $4.97 and last traded at $4.99, with a volume of 794,056 shares traded. The stock had previously closed at $5.06.
A number of analysts have issued reports on DHT shares. Zacks Investment Research raised 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. decreased 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 reissued a “buy” rating and issued a $8.50 price target (down from $11.00) on shares of DHT Holdings in a research note on Wednesday, May 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $8.53.
The firm’s 50-day moving average is $5.13 and its 200-day moving average is $5.64. The stock has a market cap of $463.39 million and a price-to-earnings ratio of 4.46.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.08. The firm earned $90.20 million during the quarter, compared to the consensus estimate of $90.02 million. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. On average, equities research analysts anticipate that DHT Holdings Inc. will post $1.04 earnings per share for the current fiscal year.
Other large investors recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of DHT Holdings during the fourth quarter worth about $1,064,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of DHT Holdings during the fourth quarter worth about $1,150,000. California State Teachers Retirement System raised its stake 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 during the period. Pyrrho Capital Management LP bought a new stake in shares of DHT Holdings during the fourth quarter worth about $1,638,000. Finally, New York State Common Retirement Fund raised its stake 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 during the period.
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.