The stock of DHT Holdings Inc. (NYSE:DHT) last traded at $9.25, down -0.75% from the previous session.
Data from the available sources indicates that DHT Holdings Inc. (NYSE:DHT) is covered by 11 analysts. 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 $12.50. Given the previous closing price of $9.32, this indicates a potential upside of 34.12 percent. DHT stock price is now 0.72% away from the 50-day moving average and -1.86% away from the 200-day moving average. The market capitalization of the company currently stands at $1.51B.
In total, 1 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $12.93 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 EA SERIES TRUST during the first quarter worth $4,384,000. EMPOWERED FUNDS, LLC invested $4,384,000 in shares of DHT during the first quarter. In the first quarter, F/M INVESTMENTS LLC acquired a new stake in DHT Holdings Inc. valued at approximately $2,944,000. PRICE JENNIFER C. acquired a new stake in DHT for approximately $2,944,000. NOMURA HOLDINGS INC purchased a new stake in DHT valued at around $2,635,000 in the second quarter.
With an opening price of $9.32 on Thursday morning, DHT Holdings Inc. (NYSE: DHT) set off the trading day. During the past 12 months, DHT Holdings Inc. has had a low of $6.96 and a high of $12.13. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 3.10, and a quick ratio of 3.10. According to the stock market information, the enterprise value for the company is $1.77B, which is based on a 12.94 price-to-earnings ratio, a 2.59 price-to-earnings-growth ratio, and a beta of -0.15. The fifty day moving average price for DHT is $9.18 and a two-hundred day moving average price translates $9.43 for the stock.
The latest earnings results from DHT Holdings Inc. (NYSE: DHT) was released for Jun, 2023. According to the Oil & Gas Midstream Company, earnings per share came in at $0.35, missing analysts’ expectations of $0.37 by -0.02. This compares to $0.06 EPS in the same period last year. The company reported revenue of $153.05 million for the quarter, compared to $99.91 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 53.18 percent. For the current quarter, analysts expect DHT to generate $89.87M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/30/2023. Investors who held shares on 08/23/2023 were paid a $0.35 dividend. On an annualized basis, this represents a $1.40 dividend and a 15.14% percent yield. There was an ex-dividend date of 08/22/2023 for this dividend. In terms of dividend payout ratio, DHT is presently at 31.99%.
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.
