DHT (NYSE:DHT) Shares Gap Down to $5.69

DHT Holdings, Inc. (NYSE:DHTGet Rating) shares gapped down prior to trading on Friday . The stock had previously closed at $5.69, but opened at $5.57. DHT shares last traded at $5.58, with a volume of 40,248 shares changing hands.

Several equities analysts have weighed in on the stock. Jefferies Financial Group assumed coverage on shares of DHT in a report on Wednesday, April 27th. They issued a “buy” rating on the stock. StockNews.com cut shares of DHT from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $7.83.

The firm has a fifty day moving average of $5.85 and a 200-day moving average of $5.62. The company has a quick ratio of 2.09, a current ratio of 2.88 and a debt-to-equity ratio of 0.49.

DHT (NYSE:DHTGet Rating) last announced its quarterly earnings data on Monday, May 9th. The shipping company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $38.70 million for the quarter, compared to the consensus estimate of $41.60 million. DHT had a negative net margin of 14.16% and a negative return on equity of 6.76%. DHT’s revenue for the quarter was down 45.7% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share. On average, equities analysts forecast that DHT Holdings, Inc. will post 0.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 19th were paid a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, May 18th. This represents a $0.08 annualized dividend and a dividend yield of 1.47%. DHT’s dividend payout ratio (DPR) is -32.00%.

Large investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in DHT in the 4th quarter valued at about $26,000. Ellevest Inc. raised its stake in shares of DHT by 329.5% during the first quarter. Ellevest Inc. now owns 8,238 shares of the shipping company’s stock valued at $48,000 after purchasing an additional 6,320 shares during the period. Verition Fund Management LLC bought a new stake in shares of DHT in the third quarter worth $78,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of DHT during the first quarter valued at $86,000. Finally, Fulcrum Asset Management LLP acquired a new stake in DHT in the first quarter worth about $90,000. 55.78% of the stock is currently owned by institutional investors and hedge funds.

DHT Company Profile (NYSE:DHT)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

Featured Stories

Want More Great Investing Ideas?

Receive News & Ratings for DHT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHT and related companies with MarketBeat.com's FREE daily email newsletter.