DHT (NYSE:DHT) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

A number of other equities analysts have also commented on the stock. DNB Markets raised shares of DHT from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Zacks Investment Research downgraded shares of DHT from a “hold” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, Wells Fargo & Co downgraded shares of DHT from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $6.08.

NYSE:DHT traded up $0.19 during mid-day trading on Wednesday, reaching $5.15. 2,531,700 shares of the company’s stock were exchanged, compared to its average volume of 932,997. DHT has a one year low of $3.55 and a one year high of $5.60. The firm has a market cap of $705.49 million, a price-to-earnings ratio of -20.60 and a beta of 0.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.30 and a current ratio of 1.56.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 6th. The shipping company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). DHT had a negative return on equity of 4.15% and a negative net margin of 14.05%. The business had revenue of $85.20 million for the quarter, compared to the consensus estimate of $84.83 million. During the same period in the prior year, the business posted ($0.05) earnings per share. DHT’s revenue was up 50.5% compared to the same quarter last year. Sell-side analysts anticipate that DHT will post 0.09 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in DHT by 8.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,205,894 shares of the shipping company’s stock worth $36,087,000 after buying an additional 707,575 shares in the last quarter. BlackRock Inc. grew its stake in DHT by 2.4% during the fourth quarter. BlackRock Inc. now owns 4,746,892 shares of the shipping company’s stock worth $18,608,000 after buying an additional 111,286 shares in the last quarter. Renaissance Technologies LLC grew its stake in DHT by 18.8% during the third quarter. Renaissance Technologies LLC now owns 3,605,900 shares of the shipping company’s stock worth $16,948,000 after buying an additional 571,500 shares in the last quarter. Saya Management LP grew its stake in DHT by 17.3% during the fourth quarter. Saya Management LP now owns 1,833,068 shares of the shipping company’s stock worth $7,186,000 after buying an additional 270,327 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of DHT by 42.9% in the 4th quarter. Deutsche Bank AG now owns 523,433 shares of the shipping company’s stock valued at $2,050,000 after purchasing an additional 157,167 shares in the last quarter. Hedge funds and other institutional investors own 40.99% of the company’s stock.

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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Analyst Recommendations for DHT (NYSE:DHT)

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