ValuEngine cut shares of DHT (NYSE:DHT) from a buy rating to a hold rating in a report released on Saturday morning, ValuEngine reports.

Several other equities analysts also recently commented on DHT. Zacks Investment Research downgraded shares of DHT from a buy rating to a hold rating in a report on Tuesday, July 23rd. Evercore ISI reiterated a buy rating and issued a $8.00 price objective on shares of DHT in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $6.90.

NYSE:DHT opened at $5.27 on Friday. DHT has a one year low of $3.60 and a one year high of $6.24. The firm has a market capitalization of $746.76 million, a P/E ratio of -21.08, a P/E/G ratio of 5.11 and a beta of 0.54. The company has a fifty day moving average of $5.76. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.47.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, August 6th. The shipping company reported ($0.03) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.03). DHT had a negative net margin of 0.54% and a positive return on equity of 1.10%. The firm had revenue of $61.20 million for the quarter, compared to the consensus estimate of $56.37 million. During the same period in the previous year, the company earned ($0.20) earnings per share. The company’s quarterly revenue was up 77.9% on a year-over-year basis. On average, equities research analysts expect that DHT will post 0.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 22nd will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.08 annualized dividend and a dividend yield of 1.52%. DHT’s dividend payout ratio is currently -128.00%.

Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in shares of DHT by 2,556.2% in the second quarter. Meeder Asset Management Inc. now owns 11,156 shares of the shipping company’s stock valued at $66,000 after acquiring an additional 10,736 shares during the period. Bank of Montreal Can boosted its position in shares of DHT by 551.5% in the second quarter. Bank of Montreal Can now owns 11,714 shares of the shipping company’s stock valued at $69,000 after acquiring an additional 9,916 shares during the period. Squarepoint Ops LLC bought a new stake in shares of DHT in the fourth quarter valued at about $50,000. SG Americas Securities LLC bought a new stake in shares of DHT in the first quarter valued at about $71,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of DHT by 465.1% in the first quarter. BNP Paribas Arbitrage SA now owns 19,129 shares of the shipping company’s stock valued at $85,000 after acquiring an additional 15,744 shares during the period. 37.53% of the stock is owned by institutional investors.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Analyst Recommendations for DHT (NYSE:DHT)

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