Somewhat Favorable News Coverage Somewhat Unlikely to Impact DHT (DHT) Share Price
Media coverage about DHT (NYSE:DHT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. DHT earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the shipping company an impact score of 46.5646323474394 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s analysis:
- BRIEF-DHT Holdings Closes $125 Mln Transaction Of Privately Negotiated Exchanges Of Convertible Notes Due 2019 (msn.com)
- DHT Holdings, Inc. Announces Closing of $125 Million Transaction of Privately Negotiated Exchanges of Convertible Notes due 2019 and Concurrent Private Placement of New Convertible Notes due 2021 (finance.yahoo.com)
- Reviewing DHT (DHT) and SEASPAN Corp/SH SH (SSW) (americanbankingnews.com)
- Edited Transcript of DHT earnings conference call or presentation 8-Aug-18 12:00pm GMT (finance.yahoo.com)
- DHT Holdings Raises Fresh Funds (marinelink.com)
DHT has been the subject of a number of recent research reports. Zacks Investment Research lowered DHT from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Wells Fargo & Co upgraded DHT from a “market perform” rating to an “outperform” rating in a report on Monday, June 18th. Morgan Stanley lifted their target price on DHT from $5.00 to $6.00 and gave the company a “buy” rating in a report on Wednesday, July 18th. Maxim Group reiterated a “buy” rating and issued a $6.00 target price on shares of DHT in a report on Thursday, August 9th. Finally, ValuEngine upgraded DHT from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $5.46.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 24th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, August 23rd. DHT’s dividend payout ratio is presently 61.54%.
DHT Company Profile
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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