Should I buy or sell DHT stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DHT in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DHT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DHT, but not buy additional shares or sell existing shares. View DHT analyst ratings or view top-rated stocks .

What is DHT's stock price target for 2024?

2 brokers have issued 1-year price targets for DHT's stock. Their DHT share price targets range from $10.00 to $11.00. On average, they expect the company's stock price to reach $10.50 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View analysts price targets for DHT or view top-rated stocks among Wall Street analysts .

How have DHT shares performed in 2023?

DHT's stock was trading at $8.88 at the start of the year. Since then, DHT stock has increased by 14.9% and is now trading at $10.20. View the best growth stocks for 2023 here .

Are investors shorting DHT?

DHT saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 4,180,000 shares, a drop of 40.9% from the October 15th total of 7,070,000 shares. Based on an average daily volume of 2,860,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 3.1% of the company's shares are short sold. View DHT's Short Interest .

When is DHT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024. View our DHT earnings forecast .

How were DHT's earnings last quarter?

DHT Holdings, Inc. (NYSE:DHT) posted its quarterly earnings data on Monday, November, 6th. The shipping company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by $0.01. The shipping company earned $89.09 million during the quarter, compared to analyst estimates of $89.77 million. DHT had a trailing twelve-month return on equity of 17.89% and a net margin of 32.14%. DHT's revenue for the quarter was up 61.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share.

How often does DHT pay dividends? What is the dividend yield for DHT?

DHT announced a quarterly dividend on Friday, November 3rd. Investors of record on Tuesday, November 21st will be given a dividend of $0.19 per share on Tuesday, November 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Monday, November 20th. Read our dividend analysis for DHT .

Is DHT a good dividend stock?

DHT (NYSE:DHT) pays an annual dividend of $0.76 per share and currently has a dividend yield of 7.29%. DHT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DHT will have a dividend payout ratio of 49.67% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for DHT .

What ETFs hold DHT's stock?

ETFs with the largest weight of DHT (NYSE:DHT) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ) , SonicShares Global Shipping ETF (BOAT) and iShares US Small Cap Value Factor ETF (SVAL) . EA Bridgeway Omni Small-Cap Value ETF (BSVO) .

What other stocks do shareholders of DHT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DHT investors own include Washington Prime Group (WPG) , Golar LNG Partners (GMLP) , Pennsylvania Real Estate Investment Trust (PEI) , CBL & Associates Properties (CBL) , New Residential Investment (NRZ) , Gran Tierra Energy (GTE) , EnLink Midstream (ENLC) , CNBX Pharmaceuticals (CNBX) , Matinas BioPharma (MTNB) and Organigram (OGI) .

Who are DHT's major shareholders?

DHT's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (9.91%), Hosking Partners LLP (2.68%), Acadian Asset Management LLC (2.11%), Morgan Stanley (1.94%), Schonfeld Strategic Advisors LLC (1.64%) and Northern Trust Corp (1.06%).

DHT Stock Price, News & Analysis (NYSE:DHT)

$10.20

-0.23 (-2.21%)

(As of 11/27/2023 ET)

Compare

Today's Range: $10.19
▼
$10.46
50-Day Range: $9.51
▼
$11.44
52-Week Range: $7.30
▼
$12.13

Volume: 1.31 million shs
Average Volume: 2.23 million shs
Market Capitalization: $1.66 billion

P/E Ratio: 8.87
Dividend Yield: 7.45%
Price Target: $10.50

DHT MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 2.9% Upside
$10.50 Price Target
Short Interest: Healthy
3.09% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -9.06
Upright™ Environmental Score
News Sentiment: 0.42
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 48.54%
From $1.03 to $1.53 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Transportation Sector

66th out of 111 stocks

Deep Sea Foreign Transportation Of Freight Industry

19th out of 24 stocks

1.0

Analyst's Opinion

Consensus Rating
DHT has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $10.50, DHT has a forecasted upside of 2.9% from its current price of $10.20.
Amount of Analyst Coverage
DHT has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.09% of the float of DHT has been sold short.
Short Interest Ratio / Days to Cover
DHT has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in DHT has recently decreased by 40.88%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
DHT is a leading dividend payer. It pays a dividend yield of 7.29%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
DHT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of DHT is 66.09%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, DHT will have a dividend payout ratio of 49.67% next year. This indicates that DHT will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
DHT has received a -162.40% net impact score from Upright. The largest negative impact of DHT in category "GHG emissions" is driven by its "Oil trade" and "Heavy fuel oil ship freight transport services for crude oil" products. See details.
Environmental Sustainability
The Environmental Impact score for DHT is -9.06.

1.9

News and Social Media Coverage

News Sentiment
DHT has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for DHT this week, compared to 4 articles on an average week.
Search Interest
15 people have searched for DHT on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added DHT to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, DHT insiders have not sold or bought any company stock.
Percentage Held by Institutions
59.26% of the stock of DHT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for DHT are expected to grow by 48.54% in the coming year, from $1.03 to $1.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of DHT is 8.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.49.
Price to Earnings Ratio vs. Sector
The P/E ratio of DHT is 8.87, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 11.47.
Price to Book Value per Share Ratio
DHT has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About DHT Stock (NYSE:DHT)

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 16, 2023, it had a fleet of 23 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

DHT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DHT Stock News Headlines

November 27, 2023 | msn.com

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November 23, 2023 | msn.com

How to Grow Your Hair Faster, According to Hairstylists and Dermatologists

November 28, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

November 17, 2023 | msn.com

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November 17, 2023 | msn.com

DHT Holdings goes ex dividend Monday

November 15, 2023 | finance.yahoo.com

Four Days Left To Buy DHT Holdings, Inc. (NYSE:DHT) Before The Ex-Dividend Date

November 14, 2023 | msn.com

David Einhorn's Greenlight exits Capri Holdings, reduces Green Brick

November 14, 2023 | finance.yahoo.com

FMR LLC Bolsters Portfolio with DHT Holdings Inc Acquisition

November 28, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 13, 2023 | finance.yahoo.com

11 Cheap Hot Stocks To Buy Now

November 12, 2023 | morningstar.com

DHT Holdings Inc DHT

November 9, 2023 | finance.yahoo.com

While shareholders of DHT Holdings (NYSE:DHT) are in the black over 5 years, those who bought a week ago aren't so fortunate

November 8, 2023 | finance.yahoo.com

DHT Holdings, Inc. (NYSE:DHT) Q3 2023 Earnings Call Transcript

November 7, 2023 | seekingalpha.com

DHT Holdings, Inc. 2023 Q3 - Results - Earnings Call Presentation

November 6, 2023 | msn.com

DHT Holdings GAAP EPS of $0.19 misses by $0.01, revenue of $130.3M beats by $41.36M

November 6, 2023 | seekingalpha.com

DHT Holdings: Analysts' Consensus Sets Forward Dividend Yields At 13-15%

November 6, 2023 | washingtonpost.com

DHT Holdings: Q3 Earnings Snapshot

November 6, 2023 | finance.yahoo.com

DHT Holdings, Inc. Third Quarter 2023 Results

November 5, 2023 | msn.com

DHT Holdings Q3 2023 Earnings Preview

November 3, 2023 | finance.yahoo.com

3 Transportation Stocks Likely to Surpass Q3 Earnings Estimates

October 31, 2023 | ca.finance.yahoo.com

DRI Healthcare Trust Announces Upsized US$500 Million Credit Facilities

October 30, 2023 | finance.yahoo.com

DHT Holdings (DHT) Earnings Expected to Grow: What to Know Ahead of Q3 Release

October 30, 2023 | finance.yahoo.com

DHT Holdings, Inc. to announce third quarter 2023 results on Monday, November 7, 2023

October 27, 2023 | finance.yahoo.com

DHT Nov 2023 10.000 call

October 20, 2023 | msn.com

Stifel Downgrades DHT Holdings (DHT)

October 19, 2023 | msn.com

Everything You Need To Know About Hair Loss, From The Experts Who Specialize In It

October 18, 2023 | markets.businessinsider.com

Cleaves Securities Remains a Buy on DHT Holdings (DHT)

See More Headlines

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Company Calendar

Ex-Dividend for 8/30 Dividend: 8/22/2023
Dividend Payable: 8/30/2023
Last Earnings: 11/06/2023
Ex-Dividend for 11/28 Dividend: 11/20/2023
Today: 11/28/2023
Dividend Payable: 11/28/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:DHT
CUSIP: N/A
CIK: 1331284
Web: www.dhtankers.com
Phone: (441) 295-1422
Fax: 441-298-7800
Employees: 1,252
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $10.50
High Stock Price Target: $11.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +2.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.15
Trailing P/E Ratio: 8.87
Forward P/E Ratio: 9.90
P/E Growth: N/A
Net Income: $61.52 million
Net Margins: 32.14%
Pretax Margin: 32.21%
Return on Equity: 17.89%
Return on Assets: 12.61%

Debt

Debt-to-Equity Ratio: 0.38
Current Ratio: 2.28
Quick Ratio: 1.80

Sales & Book Value

Annual Sales: $454.15 million
Price / Sales: 3.65
Cash Flow: $1.00 per share
Price / Cash Flow: 10.19
Book Value: $6.29 per share
Price / Book: 1.62

Miscellaneous

Outstanding Shares: 162,650,000
Free Float: N/A
Market Cap: $1.66 billion
Optionable: Optionable
Beta: -0.15

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Key Executives

Mr. Svein Moxnes Harfjeld (Age 59)
President & CEO
Comp: $1.08M
Ms. Laila C. Halvorsen (Age 48)
Chief Financial Officer
Comp: $400.33k
Mr. J. Stephen Eglin
Director of Chartering & Operations
Mr. Svenn Magne Edvardsen (Age 53)
Technical Director
Comp: $205.51k

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DHT Stock Analysis - Frequently Asked Questions

Should I buy or sell DHT stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DHT in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DHT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DHT, but not buy additional shares or sell existing shares.
View DHT analyst ratings or view top-rated stocks.
What is DHT's stock price target for 2024?: 2 brokers have issued 1-year price targets for DHT's stock. Their DHT share price targets range from $10.00 to $11.00. On average, they expect the company's stock price to reach $10.50 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
View analysts price targets for DHT or view top-rated stocks among Wall Street analysts.
How have DHT shares performed in 2023?: DHT's stock was trading at $8.88 at the start of the year. Since then, DHT stock has increased by 14.9% and is now trading at $10.20.
View the best growth stocks for 2023 here.
Are investors shorting DHT?: DHT saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 4,180,000 shares, a drop of 40.9% from the October 15th total of 7,070,000 shares. Based on an average daily volume of 2,860,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 3.1% of the company's shares are short sold.
View DHT's Short Interest.
When is DHT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our DHT earnings forecast.
How were DHT's earnings last quarter?: DHT Holdings, Inc. (NYSE:DHT) posted its quarterly earnings data on Monday, November, 6th. The shipping company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by $0.01. The shipping company earned $89.09 million during the quarter, compared to analyst estimates of $89.77 million. DHT had a trailing twelve-month return on equity of 17.89% and a net margin of 32.14%. DHT's revenue for the quarter was up 61.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share.

How often does DHT pay dividends? What is the dividend yield for DHT?: DHT announced a quarterly dividend on Friday, November 3rd. Investors of record on Tuesday, November 21st will be given a dividend of $0.19 per share on Tuesday, November 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Monday, November 20th.
Read our dividend analysis for DHT.
Is DHT a good dividend stock?: DHT (NYSE:DHT) pays an annual dividend of $0.76 per share and currently has a dividend yield of 7.29%. DHT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DHT will have a dividend payout ratio of 49.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DHT.
What ETFs hold DHT's stock?: ETFs with the largest weight of DHT (NYSE:DHT) stock in their portfolio include Invesco Oil & Gas Services ETF (PXJ), SonicShares Global Shipping ETF (BOAT) and iShares US Small Cap Value Factor ETF (SVAL).EA Bridgeway Omni Small-Cap Value ETF (BSVO).
What other stocks do shareholders of DHT own?: Based on aggregate information from My MarketBeat watchlists, some companies that other DHT investors own include Washington Prime Group (WPG), Golar LNG Partners (GMLP), Pennsylvania Real Estate Investment Trust (PEI), CBL & Associates Properties (CBL), New Residential Investment (NRZ), Gran Tierra Energy (GTE), EnLink Midstream (ENLC), CNBX Pharmaceuticals (CNBX), Matinas BioPharma (MTNB) and Organigram (OGI).
Who are DHT's major shareholders?: DHT's stock is owned by many different retail and institutional investors. Top institutional shareholders include FMR LLC (9.91%), Hosking Partners LLP (2.68%), Acadian Asset Management LLC (2.11%), Morgan Stanley (1.94%), Schonfeld Strategic Advisors LLC (1.64%) and Northern Trust Corp (1.06%).
How do I buy shares of DHT?: Shares of DHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:DHT) was last updated on 11/28/2023 by MarketBeat.com Staff

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