Evercore ISI Issues Pessimistic Forecast for DHT (NYSE:DHT) Stock Price

DHT (NYSE:DHT - Free Report) had its price objective reduced by Evercore ISI from $14.00 to $13.00 in a research report sent to investors on Tuesday,Benzinga reports. Evercore ISI currently has an outperform rating on the shipping company's stock.

Separately, Jefferies Financial Group upped their target price on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, DHT has an average rating of "Moderate Buy" and an average target price of $12.74.

DHT Stock Up 1.4 %

Shares of DHT traded up $0.15 during mid-day trading on Tuesday, hitting $10.59. 1,442,199 shares of the company's stock were exchanged, compared to its average volume of 1,883,469. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.50. DHT has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a market cap of $1.71 billion, a PE ratio of 9.46 and a beta of -0.06. The company has a 50-day simple moving average of $10.42 and a 200 day simple moving average of $10.38.

DHT (NYSE:DHT - Get Free Report) last released its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. On average, research analysts forecast that DHT will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.42%. DHT's dividend payout ratio is presently 60.71%.

Institutional Investors Weigh In On DHT

Several hedge funds have recently bought and sold shares of DHT. GAMMA Investing LLC raised its stake in DHT by 81.5% in 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 raised its stake in DHT by 84.0% in 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 during the period. Spire Wealth Management bought a new stake in DHT in the 4th quarter valued at $36,000. Banque Transatlantique SA acquired a new stake in DHT during the 4th quarter valued at $37,000. Finally, Sterling Capital Management LLC boosted its position in DHT by 822.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company's stock worth $40,000 after purchasing an additional 3,856 shares during the period. 58.53% of the stock is currently owned by institutional investors and hedge funds.

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.