DHT (NYSE:DHT) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of DHT (NYSE:DHT) from a hold rating to a buy rating in a research report sent to investors on Tuesday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded DHT from a buy rating to a hold rating in a research report on Tuesday, July 23rd. Evercore ISI reaffirmed a buy rating and set a $8.00 price objective on shares of DHT in a research note on Thursday, August 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. DHT currently has an average rating of Buy and a consensus price target of $6.90.

DHT stock opened at $5.68 on Tuesday. The company has a market cap of $782.29 million, a P/E ratio of -22.72, a PEG ratio of 5.32 and a beta of 0.54. DHT has a twelve month low of $3.60 and a twelve month high of $6.24. The company has a quick ratio of 0.98, a current ratio of 1.29 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $5.70 and a 200-day moving average of $5.19.

DHT (NYSE:DHT) last released its earnings results on Tuesday, August 6th. The shipping company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.03). The company had revenue of $61.20 million during the quarter, compared to the consensus estimate of $56.37 million. DHT had a positive return on equity of 1.10% and a negative net margin of 0.54%. The firm’s quarterly revenue was up 77.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.20) earnings per share. As a group, equities research analysts anticipate that DHT will post 0.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 22nd will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $0.08 dividend on an annualized basis and a yield of 1.41%. DHT’s payout ratio is -128.00%.

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in DHT by 18.5% in the 4th quarter. Geode Capital Management LLC now owns 320,562 shares of the shipping company’s stock valued at $1,256,000 after buying an additional 50,063 shares in the last quarter. Bank of America Corp DE boosted its stake in DHT by 29.2% in the 4th quarter. Bank of America Corp DE now owns 64,378 shares of the shipping company’s stock valued at $252,000 after buying an additional 14,561 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in DHT by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock valued at $36,087,000 after buying an additional 707,575 shares in the last quarter. Deutsche Bank AG boosted its stake in DHT by 42.9% in the 4th quarter. Deutsche Bank AG now owns 523,433 shares of the shipping company’s stock valued at $2,050,000 after buying an additional 157,167 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in DHT by 465.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 19,129 shares of the shipping company’s stock valued at $85,000 after buying an additional 15,744 shares in the last quarter. 41.78% of the stock is owned by hedge funds and other institutional investors.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Analyst Recommendations for DHT (NYSE:DHT)

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