DHT (NYSE:DHT) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. raised DHT from a “neutral” rating to an “overweight” rating and set a $7.00 target price for the company in a research report on Friday, October 19th. Wells Fargo & Co lowered their target price on DHT from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 14th. Maxim Group reaffirmed a “buy” rating and set a $6.00 target price on shares of DHT in a research report on Thursday, August 9th. Pareto Securities raised DHT from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. Finally, TheStreet raised DHT from a “d+” rating to a “c” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. DHT has a consensus rating of “Buy” and a consensus price target of $6.08.

NYSE:DHT traded down $0.07 during trading hours on Thursday, hitting $4.29. 1,577,300 shares of the company were exchanged, compared to its average volume of 879,841. The firm has a market cap of $625.98 million, a P/E ratio of 33.00 and a beta of 0.19. The company has a quick ratio of 1.47, a current ratio of 1.78 and a debt-to-equity ratio of 1.01. DHT has a one year low of $3.27 and a one year high of $5.60.

DHT (NYSE:DHT) last announced its earnings results on Thursday, November 1st. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $48.20 million for the quarter, compared to the consensus estimate of $50.07 million. DHT had a negative return on equity of 6.95% and a negative net margin of 23.10%. The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) earnings per share. As a group, equities research analysts expect that DHT will post -0.24 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Teachers Advisors LLC grew its holdings in DHT by 10.1% during the 3rd quarter. Teachers Advisors LLC now owns 180,407 shares of the shipping company’s stock worth $848,000 after acquiring an additional 16,527 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in DHT during the 2nd quarter worth about $105,000. FMR LLC grew its holdings in DHT by 11.2% during the 3rd quarter. FMR LLC now owns 283,815 shares of the shipping company’s stock worth $1,334,000 after acquiring an additional 28,589 shares during the period. BlackRock Inc. grew its holdings in DHT by 0.8% during the 3rd quarter. BlackRock Inc. now owns 4,635,606 shares of the shipping company’s stock worth $21,788,000 after acquiring an additional 37,505 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in DHT during the 3rd quarter worth about $223,000. Hedge funds and other institutional investors own 40.96% of the company’s stock.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. 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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