DHT Holdings Inc. (DHT) Reaches New 52-Week Low at $4.35
DHT Holdings Inc. (NYSE:DHT)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $4.35 and last traded at $4.36, with a volume of 1,356,339 shares trading hands. The stock had previously closed at $4.48.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded 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 DHT Holdings and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Seaport Global Securities restated a “buy” rating and issued a $8.50 target price (down previously from $11.00) on shares of DHT Holdings in a research note on Wednesday, May 4th. Finally, Jefferies Group cut their target price on DHT Holdings from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $7.78.
The company has a 50 day moving average price of $4.90 and a 200-day moving average price of $5.43. The company has a market cap of $403.81 million and a P/E ratio of 3.545.
DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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. DHT Holdings’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. Equities analysts expect that DHT Holdings Inc. will post $1.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 24th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 20.54%. 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 raised its position in shares of DHT Holdings Inc. (NYSE:DHT) by 198.0% during the fourth quarter, according to its most recent disclosure 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 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.