DHT Holdings Inc. (DHT) Hits New 1-Year Low at $4.35
DHT Holdings Inc. (NYSE:DHT) shares hit a new 52-week low on Wednesday . The company traded as low as $4.35 and last traded at $4.36, with a volume of 1,356,339 shares changing hands. The stock had previously closed at $4.48.
DHT has been the topic of a number of research analyst reports. Jefferies Group reiterated a “buy” rating on shares of DHT Holdings in a report on Monday, August 22nd. Zacks Investment Research cut DHT Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Morgan Stanley cut DHT Holdings from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $7.00 to $5.50 in a report on Thursday, August 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $7.78.
The company’s 50-day moving average is $4.86 and its 200-day moving average is $5.41. The company has a market cap of $380.93 million and a P/E ratio of 3.34.
DHT Holdings (NYSE:DHT) last issued its quarterly earnings data 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 business earned $83.20 million during the quarter, compared to the consensus estimate of $82.44 million. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, equities research analysts anticipate 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 issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 22.55%. 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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