The stock of DHT Holdings Inc (NYSE:DHT) last traded at $10.73, down -1.47% from the previous session.
Data from the available sources indicates that DHT Holdings Inc (NYSE:DHT) is covered by 10 analysts. 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 $12.05. Given the previous closing price of $10.89, this indicates a potential upside of 10.65 percent. DHT stock price is now 9.71% away from the 50-day moving average and 13.08% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
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In total, 2 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $12.51 as their price target over the next twelve months.
With the price target maintained at $11, Stifel recently Downgraded its rating from Buy to Hold for DHT Holdings Inc (NYSE: DHT).
A total of 16.77% 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 $5,086,000. EMPOWERED FUNDS, LLC invested $5,086,000 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 $3,415,000. PRICE JENNIFER C. acquired a new stake in DHT for approximately $3,415,000. NOMURA HOLDINGS INC purchased a new stake in DHT valued at around $3,057,000 in the second quarter. In total, there are 250 active investors with 59.75% ownership of the company’s stock.
With an opening price of $10.87 on Wednesday morning, DHT Holdings Inc (NYSE: DHT) set off the trading day. During the past 12 months, DHT Holdings Inc has had a low of $7.30 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 3.12, and a quick ratio of 2.66. According to the stock market information, the enterprise value for the company is $2.00B, which is based on a 10.64 price-to-earnings ratio, a 2.13 price-to-earnings-growth ratio, and a beta of -0.16. The fifty day moving average price for DHT is $9.80 and a two-hundred day moving average price translates $9.50 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 net profit margin was 29.43% and return on equity was 15.82% for DHT. 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 $89.73M 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 $1.16 dividend and a 10.78% 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 32.13%.
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.
