DHT Holdings Inc. (DHT) Trading Down 5.9%
Shares of DHT Holdings Inc. (NYSE:DHT) traded down 5.9% during trading on Monday . The stock traded as low as $5.05 and last traded at $5.10, with a volume of 1,573,395 shares trading hands. The stock had previously closed at $5.42.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of DHT Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the company a “buy” rating in a research note on Wednesday, August 10th. Seaport Global Securities reissued a “buy” rating and set a $8.50 target price (down from $11.00) on shares of DHT Holdings in a research note on Wednesday, May 4th. Finally, Jefferies Group cut their target price on shares of DHT Holdings from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $7.97.
The company’s 50 day moving average is $4.94 and its 200 day moving average is $5.46. The stock has a market capitalization of $445.36 million and a price-to-earnings ratio of 3.91.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. The company earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. During the same period in the previous year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts forecast that DHT Holdings Inc. will post $0.98 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 18.11%. The ex-dividend date of this dividend is Monday, August 22nd.
An institutional investor recently raised its position in DHT Holdings stock. New York State Common Retirement Fund increased its position in shares of 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 (SEC). The institutional investor 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 about 0.27% of DHT Holdings worth $2,045,000 at the end of the most recent reporting 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.
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