DHT Holdings Inc. (DHT) Sets New 1-Year Low at $4.55
DHT Holdings Inc. (NYSE:DHT)’s share price reached a new 52-week low on Monday . The stock traded as low as $4.55 and last traded at $4.58, with a volume of 2,248,189 shares trading hands. The stock had previously closed at $4.66.
Several research firms have recently weighed in on DHT. JPMorgan Chase & Co. cut their price objective on DHT Holdings from $9.00 to $8.00 and set a “neutral” rating on the stock in a 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. Seaport Global Securities reiterated 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. Finally, Jefferies Group cut their price objective on DHT Holdings from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. One investment 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’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $8.28.
The company has a market cap of $427.89 million and a PE ratio of 4.12. The firm has a 50-day moving average of $4.97 and a 200-day moving average of $5.53.
DHT Holdings (NYSE:DHT) last released its earnings results on Monday, May 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.08. The business earned $90.20 million during the quarter, compared to analyst estimates of $90.02 million. During the same period in the prior year, the company earned $0.25 earnings per share. DHT Holdings’s revenue was up 22.7% on a year-over-year basis. On average, equities research analysts forecast that DHT Holdings Inc. will post $1.03 earnings per share for the current fiscal year.
Other hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new stake in DHT Holdings during the fourth quarter worth about $1,064,000. Robeco Institutional Asset Management B.V. purchased a new stake in DHT Holdings during the fourth quarter worth about $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 in the last quarter. Pyrrho Capital Management LP purchased a new stake in DHT Holdings during the fourth quarter worth about $1,638,000. Finally, New York State Common Retirement Fund increased 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 worth $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.
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