DHT Holdings Inc. (DHT) Trading Up 2.9%
DHT Holdings Inc. (NYSE:DHT) was up 2.9% during trading on Monday . The company traded as high as $4.99 and last traded at $4.97, with a volume of 793,855 shares traded. The stock had previously closed at $4.83.
A number of equities research analysts have recently commented on DHT shares. Zacks Investment Research lowered DHT Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. JPMorgan Chase & Co. dropped their target price on DHT Holdings from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, April 7th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $8.50 target price (down previously from $11.00) on shares of DHT Holdings in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $8.53.
The firm has a 50-day moving average of $5.16 and a 200-day moving average of $5.67. The company has a market cap of $459.65 million and a PE ratio of 4.43.
DHT Holdings (NYSE:DHT) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.08. During the same quarter in the previous year, the business earned $0.25 EPS. The business earned $90.20 million during the quarter, compared to analysts’ expectations of $90.02 million. The company’s revenue was up 22.7% on a year-over-year basis. On average, equities research analysts forecast that DHT Holdings Inc. will post $1.07 earnings per share for the current fiscal year.
Several large investors recently added to or reduced their stakes in the stock. California State Teachers Retirement System raised 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 during the period. PNC Financial Services Group Inc. bought a new stake in DHT Holdings during the fourth quarter worth approximately $1,064,000. New York State Common Retirement Fund raised 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 during the period. Robeco Institutional Asset Management B.V. bought a new stake in DHT Holdings during the fourth quarter worth approximately $1,150,000. Finally, J. Goldman & Co LP bought a new stake in DHT Holdings during the fourth quarter worth approximately $2,122,000.
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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