DHT Holdings Inc. (DHT) Sees Unusually-High Trading Volume
DHT Holdings Inc. (NYSE:DHT) shares saw an uptick in trading volume on Wednesday . 3,426,329 shares changed hands during mid-day trading, an increase of 25% from the previous session’s volume of 2,736,465 shares.The stock last traded at $4.77 and had previously closed at $5.08.
Several brokerages have recently issued reports on DHT. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Seaport Global Securities reiterated a “buy” rating and issued a $8.50 target price (down from $11.00) on shares of DHT Holdings in a report on Wednesday, May 4th. Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a report on Monday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $7.97.
The company has a market capitalization of $440.69 million and a price-to-earnings ratio of 3.87. The company has a 50 day moving average of $4.94 and a 200-day moving average of $5.46.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The company had revenue of $83.20 million for the quarter, compared to analyst estimates of $82.44 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities analysts anticipate that DHT Holdings Inc. will post $0.98 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.92 annualized dividend and a yield of 19.49%.
An institutional investor recently raised its position in DHT Holdings stock. New York State Common Retirement Fund increased its stake in DHT Holdings Inc. (NYSE:DHT) by 198.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 252,745 shares of the company’s stock after buying an additional 167,945 shares during the period. New York State Common Retirement Fund owned approximately 0.27% of DHT Holdings worth $2,045,000 as of its most recent filing with the SEC.
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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