DHT Holdings Inc. (DHT) Stock Price Up 3.4%
DHT Holdings Inc. (NYSE:DHT) shares rose 3.4% during mid-day trading on Friday . The company traded as high as $4.28 and last traded at $4.22, with a volume of 1,199,530 shares changing hands. The stock had previously closed at $4.08.
DHT has been the topic of a number of research analyst reports. Zacks Investment Research downgraded DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Jefferies Group reduced their price target on DHT Holdings from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, Morgan Stanley set a $7.00 price target on DHT Holdings and gave the company a “buy” rating in a report on Wednesday, August 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $7.78.
The company has a market cap of $390.27 million and a PE ratio of 3.43. The company has a 50 day moving average price of $4.86 and a 200 day moving average price of $5.41.
DHT Holdings (NYSE:DHT) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.04. During the same period in the previous year, the business posted $0.24 EPS. The business earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. The firm’s revenue was up 22.2% on a year-over-year basis. Equities analysts predict that DHT Holdings Inc. will post $1.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 22.01%. The ex-dividend date was Monday, August 22nd.
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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