Shares of DHT Holdings Inc (NYSE:DHT) have received an average recommendation of “Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $6.04.
Several equities analysts have issued reports on the stock. Evercore ISI lowered shares of DHT from an “outperform” rating to an “in-line” rating and set a $5.17 price target on the stock. in a report on Wednesday, April 24th. Zacks Investment Research raised shares of DHT from a “strong sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, ValuEngine raised shares of DHT from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th.
NYSE DHT traded up $0.27 on Friday, hitting $5.91. The stock had a trading volume of 1,952,045 shares, compared to its average volume of 825,284. The business has a fifty day moving average of $5.68. 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 has a 52-week low of $3.60 and a 52-week high of $6.15. The company has a market capitalization of $802.21 million, a PE ratio of -23.64, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54.
Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in DHT by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock valued at $36,087,000 after purchasing an additional 707,575 shares during the period. Deprince Race & Zollo Inc. acquired a new position in DHT during the first quarter valued at $2,674,000. Odey Asset Management Group Ltd lifted its position in DHT by 104.6% during the fourth quarter. Odey Asset Management Group Ltd now owns 152,578 shares of the shipping company’s stock valued at $598,000 after purchasing an additional 78,000 shares during the period. JPMorgan Chase & Co. lifted its position in DHT by 24.3% during the third quarter. JPMorgan Chase & Co. now owns 321,063 shares of the shipping company’s stock valued at $1,509,000 after purchasing an additional 62,672 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in DHT by 465.1% during the first quarter. BNP Paribas Arbitrage SA now owns 19,129 shares of the shipping company’s stock valued at $85,000 after purchasing an additional 15,744 shares during the period. Institutional investors and hedge funds own 36.42% of the company’s stock.
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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