DHT Holdings Inc. (DHT) Stock Price Down 4.2%
DHT Holdings Inc. (NYSE:DHT)’s share price fell 4.2% during trading on Thursday . The company traded as low as $4.13 and last traded at $4.13, with a volume of 2,322,290 shares traded. The stock had previously closed at $4.31.
A number of brokerages have commented on DHT. Zacks Investment Research raised shares of DHT Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Seaport Global Securities reiterated a “buy” rating and set a $8.50 price target (down from $11.00) on shares of DHT Holdings in a research report on Wednesday, May 4th. Morgan Stanley set a $7.00 price target on shares of DHT Holdings and gave the company a “buy” rating in a research report on Wednesday, August 10th. Finally, Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a research report on Monday, August 22nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. DHT Holdings presently has a consensus rating of “Buy” and an average target price of $7.78.
The firm has a market capitalization of $380.93 million and a PE ratio of 3.34. The firm’s 50-day moving average price is $4.88 and its 200 day moving average price is $5.42.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings data 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 company posted $0.24 earnings per share. The business earned $83.20 million during the quarter, compared to analyst estimates of $82.44 million. DHT Holdings’s revenue was up 22.2% on a year-over-year basis. On average, equities analysts expect that DHT Holdings Inc. will post $1.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 24th were paid a $0.23 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 22.55%.
A hedge fund recently raised its stake 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 13F filing with the SEC. 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 approximately 0.27% of DHT Holdings worth $2,045,000 at the end of the most recent quarter.
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.