DHT (NYSE:DHT) Trading 10.5% Higher

Posted by on Jun 21st, 2022

DHT Holdings, Inc. (NYSE:DHT – Get Rating)’s stock price was up 10.5% during trading on Tuesday . The company traded as high as $5.96 and last traded at $5.91. Approximately 144,819 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 2,636,426 shares. The stock had previously closed at $5.35.

Several equities research analysts have commented on DHT shares. StockNews.com cut DHT from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Jefferies Financial Group assumed coverage on DHT in a research report on Wednesday, April 27th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.83.

The stock’s 50-day moving average is $5.80 and its 200-day moving average is $5.62. The company has a current ratio of 2.88, a quick ratio of 2.09 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.01 billion, a P/E ratio of -23.32 and a beta of -0.32.

DHT (NYSE:DHT – Get Rating) last posted its earnings results on Monday, May 9th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $38.70 million for the quarter, compared to analyst estimates of $41.60 million. DHT had a negative return on equity of 6.76% and a negative net margin of 14.16%. DHT’s quarterly revenue was down 45.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 firm also recently declared a quarterly dividend, which was paid on Thursday, May 26th. Shareholders of record on Thursday, May 19th were paid a $0.02 dividend. The ex-dividend date was Wednesday, May 18th. This represents a $0.08 dividend on an annualized basis and a yield of 1.35%. DHT’s payout ratio is presently -32.00%.

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of DHT by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,978,143 shares of the shipping company’s stock worth $69,473,000 after purchasing an additional 522,016 shares in the last quarter. BlackRock Inc. lifted its holdings in DHT by 2.1% during the 4th quarter. BlackRock Inc. now owns 7,422,361 shares of the shipping company’s stock worth $38,522,000 after buying an additional 151,376 shares in the last quarter. Impala Asset Management LLC raised its holdings in shares of DHT by 36.2% in the 4th quarter. Impala Asset Management LLC now owns 3,751,900 shares of the shipping company’s stock valued at $19,472,000 after purchasing an additional 997,874 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in shares of DHT by 84.9% in the 4th quarter. Cooper Creek Partners Management LLC now owns 3,617,512 shares of the shipping company’s stock valued at $18,775,000 after purchasing an additional 1,660,819 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of DHT by 12.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,899,545 shares of the shipping company’s stock valued at $15,049,000 after purchasing an additional 326,527 shares in the last quarter. 55.78% of the stock is currently owned by institutional investors.

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.

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