DHT (NYSE:DHT) Rating Increased to Hold at StockNews.com

DHT (NYSE:DHTGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Separately, Zacks Investment Research raised shares of DHT from a “sell” rating to a “hold” rating in a report on Monday, April 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $7.53.

Shares of DHT traded down $0.11 during trading hours on Monday, hitting $6.20. The stock had a trading volume of 1,998,077 shares, compared to its average volume of 2,515,614. The company’s fifty day moving average is $5.85 and its two-hundred day moving average is $5.77. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.15 and a quick ratio of 2.35. DHT has a 52 week low of $4.55 and a 52 week high of $7.19. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -77.50 and a beta of -0.38.

DHT (NYSE:DHTGet Rating) last issued its quarterly earnings data on Monday, February 7th. The shipping company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. DHT had a negative net margin of 3.89% and a negative return on equity of 3.66%. The firm had revenue of $49.30 million for the quarter, compared to analyst estimates of $45.83 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The company’s revenue was down 36.6% on a year-over-year basis. Equities analysts predict that DHT will post 0.15 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Dean Investment Associates LLC raised its position in shares of DHT by 15.7% in the 3rd quarter. Dean Investment Associates LLC now owns 444,639 shares of the shipping company’s stock valued at $2,903,000 after acquiring an additional 60,270 shares during the period. VR Advisory Services Ltd bought a new stake in DHT during the 3rd quarter worth approximately $1,260,000. Marshall Wace LLP increased its stake in DHT by 831.3% during the 3rd quarter. Marshall Wace LLP now owns 841,171 shares of the shipping company’s stock worth $5,493,000 after purchasing an additional 750,848 shares in the last quarter. Verition Fund Management LLC bought a new stake in DHT during the 3rd quarter worth approximately $78,000. Finally, BNP Paribas Arbitrage SA increased its stake in DHT by 47.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 332,799 shares of the shipping company’s stock worth $2,173,000 after purchasing an additional 107,271 shares in the last quarter. Institutional investors and hedge funds own 56.97% of the company’s stock.

About DHT (Get Rating)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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Analyst Recommendations for DHT (NYSE:DHT)

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