DHT Holdings Inc (NYSE:DHT) Given Average Recommendation of “Buy” by Brokerages

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.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, May 8th. The shipping company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. DHT had a negative net margin of 5.17% and a negative return on equity of 1.09%. The business had revenue of $85.80 million for the quarter, compared to analyst estimates of $77.18 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was up 85.7% on a year-over-year basis. On average, analysts predict that DHT will post 0.26 EPS for the current fiscal year.

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.

About DHT

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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