DHT (NYSE:DHT) Earns Buy Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of DHT (NYSE:DHT - Free Report) in a report issued on Wednesday,Benzinga reports. The firm currently has a $15.00 price target on the shipping company's stock.

Separately, Evercore ISI reduced their price target on shares of DHT from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $12.94.

DHT Stock Performance

DHT stock traded up $0.04 during midday trading on Wednesday, reaching $11.07. 1,279,441 shares of the company's stock traded hands, compared to its average volume of 1,880,872. DHT has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a 50-day moving average price of $10.48 and a two-hundred day moving average price of $10.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.50 and a current ratio of 1.84. The firm has a market capitalization of $1.79 billion, a PE ratio of 9.88 and a beta of -0.06.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The shipping company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. The business had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter last year, the company earned $0.29 EPS. The firm's revenue was down 25.4% compared to the same quarter last year. As a group, equities analysts anticipate that DHT will post 0.94 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DHT. GAMMA Investing LLC boosted its position in DHT by 81.5% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company's stock valued at $25,000 after buying an additional 1,073 shares during the period. Tower Research Capital LLC TRC boosted its position in DHT by 84.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company's stock valued at $26,000 after acquiring an additional 1,265 shares in the last quarter. CWM LLC grew its stake in DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company's stock worth $32,000 after purchasing an additional 2,116 shares during the period. Spire Wealth Management bought a new position in shares of DHT in the 4th quarter worth about $36,000. Finally, Banque Transatlantique SA purchased a new position in shares of DHT during the fourth quarter valued at approximately $37,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Company Profile

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.