DHT Holdings Inc (DHT) Receives $6.00 Consensus Price Target from Analysts
DHT Holdings Inc (NYSE:DHT) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.33.
DHT has been the topic of several analyst reports. DNB Markets raised DHT from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. Zacks Investment Research lowered DHT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Wells Fargo & Co lowered DHT from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. Finally, ValuEngine lowered DHT from a “buy” rating to a “hold” rating in a research report on Monday, December 31st.
A number of hedge funds have recently bought and sold shares of DHT. Renaissance Technologies LLC boosted its stake in shares of DHT by 18.8% during the 3rd quarter. Renaissance Technologies LLC now owns 3,605,900 shares of the shipping company’s stock worth $16,948,000 after acquiring an additional 571,500 shares during the period. BlackRock Inc. boosted its stake in shares of 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. Federated Investors Inc. PA bought a new position in shares of DHT during the 3rd quarter worth approximately $705,000. Odey Asset Management Group Ltd boosted its stake in shares of DHT by 104.6% during the 4th quarter. Odey Asset Management Group Ltd now owns 152,578 shares of the shipping company’s stock worth $598,000 after acquiring an additional 78,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of DHT by 24.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 321,063 shares of the shipping company’s stock worth $1,509,000 after acquiring an additional 62,672 shares during the period. Hedge funds and other institutional investors own 40.99% of the company’s stock.
DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 6th. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). The firm had revenue of $85.20 million during the quarter, compared to the consensus estimate of $84.83 million. DHT had a negative net margin of 14.05% and a negative return on equity of 4.15%. DHT’s revenue was up 50.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) EPS. As a group, sell-side analysts expect that DHT will post 0.07 EPS for the current year.
DHT Company Profile
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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