DHT Holdings Inc. (DHT) Reaches New 1-Year Low at $4.42
DHT Holdings Inc. (NYSE:DHT)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $4.42 and last traded at $4.53, with a volume of 2,831,269 shares traded. The stock had previously closed at $4.72.
DHT has been the subject of a number of research analyst reports. Morgan Stanley cut DHT Holdings from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $7.00 to $5.50 in a report on Thursday. Jefferies Group reduced their price target on DHT Holdings from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Zacks Investment Research cut DHT Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Seaport Global Securities reiterated a “buy” rating and set a $8.50 price target (down previously from $11.00) on shares of DHT Holdings in a report on Wednesday, May 4th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $7.78.
The firm’s 50 day moving average price is $4.92 and its 200-day moving average price is $5.44. The firm has a market capitalization of $414.55 million and a P/E ratio of 3.64.
DHT Holdings (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The firm earned $83.20 million during the quarter, compared to analysts’ expectations of $82.44 million. During the same quarter last year, the business posted $0.24 EPS. The company’s quarterly revenue was up 22.2% on a year-over-year basis. Analysts predict that DHT Holdings Inc. will post $0.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 20.72%. 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 stake in shares of DHT Holdings Inc. (NYSE:DHT) by 198.0% during the fourth quarter, according to its most recent 13F filing with the 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.