In yesterday’s Wall Street session, DHT Holdings Inc. (NYSE:DHT) shares traded at $8.15, up 3.03% from the previous session.
As of this writing, 10 analysts cover DHT Holdings Inc. (NYSE:DHT). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $10.00, we find $12.25. Given the previous closing price of $7.91, this indicates a potential upside of 54.87 percent. DHT stock price is now -16.98% away from the 50-day moving average and -11.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
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There are 1 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $12.87 as their price target over the next twelve months.
A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DHT stock. A new stake in DHT Holdings Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $4,052,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $3,764,000 in shares of DHT during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in DHT Holdings Inc. valued at approximately $2,659,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in DHT for approximately $2,372,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in DHT valued at around $1,717,000 in the second quarter. In total, there are 239 active investors with 59.80% ownership of the company’s stock.
Friday morning saw DHT Holdings Inc. (NYSE: DHT) opened at $8.00. During the past 12 months, DHT Holdings Inc. has had a low of $5.34 and a high of $12.13. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 3.50, and a quick ratio of 3.50. According to the stock market information, the enterprise value for the company is $1.62B, which is based on a 11.40 price-to-earnings ratio, a 2.28 price-to-earnings-growth ratio, and a beta of -0.20. The fifty day moving average price for DHT is $9.75 and a two-hundred day moving average price translates $9.19 for the stock.
The latest earnings results from DHT Holdings Inc. (NYSE: DHT) was released for Mar, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.23, missing analysts’ expectations of $0.25 by -0.02. This compares to -$0.10 EPS in the same period last year. The net profit margin was 22.90% and return on equity was 11.30% for DHT. The company reported revenue of $132.57 million for the quarter, compared to $76.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 73.52 percent. For the current quarter, analysts expect DHT to generate $110.84M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/25/2023. Investors who held shares on 05/18/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 11.29% percent yield. There was an ex-dividend date of 05/17/2023 for this dividend. In terms of dividend payout ratio, DHT is presently at 66.90%.
DHT Holdings Inc.(DHT) Company Profile
DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 16, 2023, it had a fleet of 23 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
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