DHT Holdings, Inc. (NYSE:DHT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. “

Other equities research analysts also recently issued reports about the stock. Jefferies Group LLC restated a “buy” rating on shares of DHT Holdings in a research note on Thursday, October 19th. BidaskClub downgraded shares of DHT Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Maxim Group set a $7.00 target price on shares of DHT Holdings and gave the company a “buy” rating in a research note on Thursday, August 3rd. Stifel Nicolaus set a $5.00 target price on shares of DHT Holdings and gave the company a “hold” rating in a research note on Sunday, October 29th. Finally, ValuEngine upgraded shares of DHT Holdings from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

DHT Holdings (NYSE:DHT) opened at $3.92 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.75 and a current ratio of 1.75. DHT Holdings has a one year low of $3.44 and a one year high of $5.20. The stock has a market cap of $550.88, a P/E ratio of 9.20, a PEG ratio of 4.62 and a beta of 0.95.

DHT Holdings (NYSE:DHT) last released its quarterly earnings data on Monday, November 13th. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. DHT Holdings had a net margin of 9.68% and a return on equity of 5.09%. The firm had revenue of $54.80 million for the quarter, compared to the consensus estimate of $50.43 million. During the same period last year, the firm earned ($0.81) earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. analysts predict that DHT Holdings will post 0.16 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in shares of DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after buying an additional 260 shares during the last quarter. American International Group Inc. raised its holdings in shares of DHT Holdings by 7.1% in the first quarter. American International Group Inc. now owns 56,537 shares of the shipping company’s stock worth $253,000 after buying an additional 3,744 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of DHT Holdings by 16.8% in the second quarter. Voya Investment Management LLC now owns 46,770 shares of the shipping company’s stock worth $194,000 after buying an additional 6,737 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of DHT Holdings by 11.7% in the second quarter. Dynamic Technology Lab Private Ltd now owns 70,615 shares of the shipping company’s stock worth $293,000 after buying an additional 7,388 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of DHT Holdings by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after buying an additional 12,407 shares during the last quarter. 34.33% of the stock is owned by institutional investors and hedge funds.

About DHT Holdings

DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.

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