DHT (NYSE:DHT) was downgraded by investment analysts at DNB Markets from a “buy” rating to a “hold” rating in a research note issued on Monday, The Fly reports.
DHT has been the subject of several other research reports. Jefferies Financial Group raised their price objective on shares of DHT from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, February 9th. HC Wainwright initiated coverage on shares of DHT in a research note on Monday, March 29th. They issued a “neutral” rating and a $7.50 price objective for the company. Truist initiated coverage on shares of DHT in a research note on Tuesday, March 9th. They issued a “buy” rating and a $15.00 price objective for the company. Kepler Capital Markets reissued a “buy” rating and issued a $9.10 price objective on shares of DHT in a research note on Friday, February 26th. Finally, TheStreet cut shares of DHT from a “b” rating to a “c+” rating in a report on Monday, February 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. DHT currently has an average rating of “Hold” and a consensus target price of $8.67.
NYSE DHT opened at $6.07 on Monday. The firm has a 50 day simple moving average of $6.03 and a 200-day simple moving average of $5.52. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.51 and a current ratio of 2.74. DHT has a one year low of $4.52 and a one year high of $8.68. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 2.99 and a beta of -0.08.
DHT (NYSE:DHT) last posted its quarterly earnings data on Sunday, February 7th. The shipping company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.05). DHT had a net margin of 42.24% and a return on equity of 32.82%. The business had revenue of $77.70 million during the quarter, compared to analysts’ expectations of $85.17 million. During the same period in the previous year, the business posted $0.47 EPS. The company’s revenue for the quarter was down 45.2% compared to the same quarter last year. Equities analysts predict that DHT will post 1.94 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in DHT by 8.1% during the fourth quarter. BlackRock Inc. now owns 6,159,387 shares of the shipping company’s stock worth $32,213,000 after purchasing an additional 462,375 shares in the last quarter. Foundry Partners LLC grew its position in shares of DHT by 26.8% during the fourth quarter. Foundry Partners LLC now owns 1,470,171 shares of the shipping company’s stock worth $7,689,000 after acquiring an additional 310,738 shares during the last quarter. Schroder Investment Management Group grew its position in shares of DHT by 215.5% during the fourth quarter. Schroder Investment Management Group now owns 681,721 shares of the shipping company’s stock worth $3,566,000 after acquiring an additional 465,669 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of DHT by 67.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 634,148 shares of the shipping company’s stock worth $3,317,000 after acquiring an additional 255,506 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of DHT by 64.1% during the fourth quarter. First Trust Advisors LP now owns 603,719 shares of the shipping company’s stock worth $3,157,000 after acquiring an additional 235,769 shares during the last quarter. 59.99% of the stock is currently owned by institutional investors.
About DHT
DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Oslo, and Norway. As of March 19, 2020, 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.
