DHT Holdings, Inc. (NYSE:DHT) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.94.

DHT has been the subject of a number of recent research reports. Evercore ISI reduced their price objective on DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reiterated a "buy" rating and set a $15.00 price objective on shares of DHT in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On DHT

Several institutional investors and hedge funds have recently modified their holdings of the business. DME Capital Management LP increased its stake in shares of DHT by 20.8% in the 4th quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock valued at $48,735,000 after purchasing an additional 902,704 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of DHT by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 5,077,223 shares of the shipping company's stock valued at $47,167,000 after purchasing an additional 48,037 shares in the last quarter. American Century Companies Inc. boosted its holdings in DHT by 8.7% in the 1st quarter. American Century Companies Inc. now owns 4,407,658 shares of the shipping company's stock worth $46,280,000 after buying an additional 354,074 shares during the last quarter. Geode Capital Management LLC boosted its holdings in DHT by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,657,699 shares of the shipping company's stock worth $15,400,000 after buying an additional 5,603 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in DHT by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,518,479 shares of the shipping company's stock worth $14,107,000 after buying an additional 24,710 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company's stock.

DHT Stock Performance

Shares of DHT stock opened at $11.32 on Wednesday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 10.11 and a beta of -0.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. The business has a fifty day moving average of $10.51 and a 200 day moving average of $10.37. DHT has a 1 year low of $8.67 and a 1 year high of $12.80.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.12. The business had revenue of $79.34 million during the quarter, compared to analyst estimates of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The company's revenue was down 25.4% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. As a group, research analysts expect that DHT will post 0.94 earnings per share for the current year.

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.

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