The price of DHT Holdings Inc. (NYSE:DHT) shares last traded on Wall Street rose 2.37% to $9.94.
Based on available information, 11 analysts follow 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 $12.50. Given the previous closing price of $9.71, this indicates a potential upside of 28.73 percent. DHT stock price is now 6.31% away from the 50-day moving average and 6.26% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.
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Among analysts, 1 rate the stock a hold while 10 rate it a buy. 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 $4,711,000. EMPOWERED FUNDS, LLC invested $4,711,000 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 $3,164,000. PRICE JENNIFER C. acquired a new stake in DHT for approximately $3,164,000. NOMURA HOLDINGS INC purchased a new stake in DHT valued at around $2,832,000 in the second quarter. In total, there are 250 active investors with 59.80% ownership of the company’s stock.
A candlestick chart of DHT Holdings Inc. (NYSE: DHT) showed a price of $9.75 on Thursday morning. 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 $1.87B, which is based on a 13.90 price-to-earnings ratio, a 2.78 price-to-earnings-growth ratio, and a beta of -0.15. The fifty day moving average price for DHT is $9.37 and a two-hundred day moving average price translates $9.35 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 14.08% 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.
