DHT (NYSE:DHT) Reaches New 52-Week High at $11.97

DHT Holdings, Inc. (NYSE:DHT)’s share price hit a new 52-week high on Wednesday . The company traded as high as $11.97 and last traded at $11.93, with a volume of 472124 shares trading hands. The stock had previously closed at $11.64.

Analyst Ratings Changes

DHT has been the subject of several research analyst reports. TheStreet upgraded shares of DHT from a “c+” rating to a “b-” rating in a report on Tuesday, February 6th. Jefferies Financial Group upgraded DHT from a “hold” rating to a “buy” rating and increased their target price for the company from $11.00 to $14.00 in a research report on Thursday, March 21st. Finally, Truist Financial boosted their price target on DHT from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

DHT Stock Up 3.6 %

The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 12.06 and a beta of -0.34. The stock has a fifty day moving average of $11.31 and a two-hundred day moving average of $10.83. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.54 and a quick ratio of 2.94.

DHT (NYSE:DHT) last issued its quarterly earnings results on Tuesday, February 6th. The shipping company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. DHT had a return on equity of 15.52% and a net margin of 28.78%. The company had revenue of $94.50 million during the quarter, compared to analysts’ expectations of $95.78 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was down 19.0% on a year-over-year basis. Sell-side analysts anticipate that DHT Holdings, Inc. will post 1.53 earnings per share for the current year.

Institutional Investors Weigh In On DHT

Large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI grew its stake in shares of DHT by 150.0% in the 4th quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock valued at $50,000 after buying an additional 3,000 shares during the period. Headlands Technologies LLC bought a new stake in shares of DHT during the first quarter valued at approximately $51,000. McIlrath & Eck LLC acquired a new position in shares of DHT during the third quarter worth approximately $52,000. Allspring Global Investments Holdings LLC grew its position in DHT by 45.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,178 shares of the shipping company’s stock valued at $95,000 after purchasing an additional 2,882 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in DHT during the 4th quarter valued at $98,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.