In yesterday’s Wall Street session, DHT Holdings Inc. (NYSE:DHT) shares traded at $9.40, up 0.75% 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 $17.00 and a low of $10.00, we find $12.35. Given the previous closing price of $9.33, this indicates a potential upside of 32.37 percent. DHT stock price is now 11.95% away from the 50-day moving average and 1.22% away from the 200-day moving average. The market capitalization of the company currently stands at $1.53B.
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 $12.90 as their price target over the next twelve months.
With the price target reduced from $12 to $10, Jefferies Downgraded its rating from Buy to Hold for DHT Holdings Inc. (NYSE: DHT).
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 $4,674,000. DRIEHAUS CAPITAL MANAGEMENT LLC invested $4,342,000 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 $3,067,000. TUDOR INVESTMENT CORP ET AL acquired a new stake in DHT for approximately $2,736,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in DHT valued at around $1,980,000 in the second quarter. In total, there are 239 active investors with 59.80% ownership of the company’s stock.
Wednesday morning saw DHT Holdings Inc. (NYSE: DHT) opened at $9.20. During the past 12 months, DHT Holdings Inc. has had a low of $6.56 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 $1.81B, which is based on a 13.15 price-to-earnings ratio, a 2.63 price-to-earnings-growth ratio, and a beta of -0.16. The fifty day moving average price for DHT is $8.42 and a two-hundred day moving average price translates $9.30 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 $110.66M 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 9.79% 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.
