DHT Holdings Company Profile (NYSE:DHT)

About DHT Holdings

DHT Holdings logoDHT Holdings, Inc. (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company's fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT. Its fleet principally operates on international routes and its fleet in operation has a combined carrying capacity of approximately 5,656,937 DWT. The Company's subsidiaries include DHT Maritime, Inc., DHT Chartering, Inc., Sophie Tanker Corporation, Samco Shipholding Pte. Ltd., DHT Jaguar Limited and Chris Tanker Corporation.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Shipping
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: DHT
  • CUSIP:
Key Metrics:
  • Previous Close: $4.79
  • 50 Day Moving Average: $4.39
  • 200 Day Moving Average: $4.27
  • 52-Week Range: $3.29 - $6.48
  • Trailing P/E Ratio: 48.38
  • Foreward P/E Ratio: 14.09
  • P/E Growth: 3.55
  • Market Cap: $447.54M
  • Outstanding Shares: 93,433,000
  • Beta: 1.16
Profitability:
  • Net Margins: 2.87%
  • Return on Equity: 11.97%
  • Return on Assets: 6.13%
Debt:
  • Debt-to-Equity Ratio: 0.94%
  • Current Ratio: 2.40%
  • Quick Ratio: 1.70%
Additional Links:
Companies Related to DHT Holdings:

Analyst Ratings

Consensus Ratings for DHT Holdings (NYSE:DHT) (?)
Ratings Breakdown: 5 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.44)
Consensus Price Target: $6.64 (38.68% upside)

Analysts' Ratings History for DHT Holdings (NYSE:DHT)
Show:
DateFirmActionRatingPrice TargetDetails
1/30/2017Stifel NicolausBoost Price TargetHold$4.50 -> $5.00View Rating Details
12/20/2016Maxim GroupInitiated CoverageBuy$7.50View Rating Details
11/3/2016Pareto SecuritiesUpgradeHold -> BuyView Rating Details
9/26/2016Wells Fargo & CompanyInitiated CoverageMarket PerformView Rating Details
9/12/2016Jefferies Group LLCReiterated RatingBuyView Rating Details
8/25/2016Morgan StanleyDowngradeOverweight -> Equal Weight$7.00 -> $5.50View Rating Details
5/4/2016Seaport Global SecuritiesReiterated RatingBuy$11.00 -> $8.50View Rating Details
4/7/2016J P Morgan Chase & CoLower Price TargetNeutral$9.00 -> $8.00View Rating Details
3/2/2016DanskeInitiated CoverageHold$6.00View Rating Details
2/9/2016Clarkson CapitalReiterated RatingBuyView Rating Details
11/9/2015EuroPacific CanadaReiterated RatingBuy$10.00 -> $11.00View Rating Details
11/4/2015Eurobank EFGBoost Price TargetBuy$10.00 -> $11.00View Rating Details
3/4/2015GMP SecuritiesInitiated CoverageBuy$10.00View Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for DHT Holdings (NYSE:DHT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
1/30/2017Q416$0.12$0.18$66.49 million$67.00 millionViewN/AView Earnings Details
11/1/2016Q3$0.04($0.81)$56.73 million$50.30 millionViewN/AView Earnings Details
8/9/2016Q216$0.30$0.34$82.44 million$83.20 millionViewN/AView Earnings Details
5/2/2016Q1$0.38$0.30$90.02 million$90.20 millionViewListenView Earnings Details
2/3/2016Q4$0.31$0.31$80.71 million$80.00 millionViewListenView Earnings Details
11/3/2015Q3$0.28$0.27$70.91 million$74.70 millionViewN/AView Earnings Details
7/28/2015Q2$0.19$0.24$70.85 million$68.10 millionViewListenView Earnings Details
4/28/2015Q115$0.26$0.25$84.56 million$73.50 millionViewN/AView Earnings Details
1/28/2015Q414$0.08$0.31$55.80 million$47.30 millionViewN/AView Earnings Details
11/27/2014($0.05)($0.10)ViewN/AView Earnings Details
11/10/2014Q3($0.06)($0.10)$25.70 million$21.80 millionViewListenView Earnings Details
8/27/2014Q2 14($0.12)($0.12)ViewListenView Earnings Details
4/29/2014Q1($0.02)($0.01)ViewListenView Earnings Details
1/23/2014Q4($0.23)$0.04ViewListenView Earnings Details
7/23/2012$0.45$0.02ViewN/AView Earnings Details
7/14/2011$0.08$0.07ViewN/AView Earnings Details
4/18/2011$0.09$0.07ViewN/AView Earnings Details
1/13/2011$0.10$0.14ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for DHT Holdings (NYSE:DHT)
Current Year EPS Consensus Estimate: $0.27 EPS
Next Year EPS Consensus Estimate: $0.34 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.40$0.40$0.40
Q2 20162$0.23$0.32$0.28
Q3 20162$0.03$0.03$0.03
Q4 20162$0.10$0.11$0.11
Q1 20172$0.21$0.27$0.24
Q2 20172($0.07)($0.05)($0.06)
Q3 20172($0.15)($0.07)($0.11)
Q4 20172($0.02)$0.00($0.01)
Q1 20181$0.04$0.04$0.04
Q2 20181$0.06$0.06$0.06
Q3 20181$0.08$0.08$0.08
Q4 20181$0.10$0.10$0.10
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for DHT Holdings (NYSE:DHT)
Annual Dividend:$0.32
Dividend Yield:6.68%
Dividend Growth:107.00% (3 Year Average)
Payout Ratio:3,200.00% (Based on Trailing 12 Months of Earnings)
118.52% (Based on Current Year Consensus EPS Estimate)
94.12% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History for DHT Holdings (NYSE:DHT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/31/2017quarterly$0.086.82%2/10/20172/14/20172/22/2017
11/2/2016quarterly$0.022.37%11/14/201611/16/201611/23/2016
8/10/2016quarterly$0.2317.9%8/22/20168/24/20168/31/2016
5/4/2016quarterly$0.2518.12%5/12/20165/16/20165/25/2016
2/3/2016quarterly$0.2114.41%2/11/20162/16/20162/24/2016
11/5/2015quarterly$0.189.77%11/13/201511/17/201511/25/2015
7/30/2015quarterly$0.157.3%8/10/20158/12/20158/20/2015
4/30/2015quarterly$0.157.5%5/11/20155/13/20155/22/2015
1/28/2015quarterly$0.052.71%2/6/20152/10/20152/19/2015
11/10/2014quarterly$0.021.28%11/18/201411/20/201411/26/2014
8/29/2014quarterly$0.021.14%9/5/20149/9/20149/17/2014
5/1/2014quarterly$0.021.03%5/12/20145/14/20145/22/2014
1/24/2014quarterly$0.020.99%2/4/20142/6/20142/13/2014
11/1/2013quarterly$0.021.48%11/8/201311/13/201311/21/2013
8/7/2013quarterly$0.021.88%8/15/20138/19/20138/28/2013
4/30/2013quarterly$0.021.86%5/10/20135/14/20135/23/2013
1/30/2013quarterly$0.021.71%2/7/20132/11/20132/19/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for DHT Holdings (NYSE:DHT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for DHT Holdings (NYSE:DHT)
DateHeadline
News IconDHT Holdings, Inc. (NYSE:DHT) Projected to Achieve EPS Of $0.22 - Stock Observer (NYSE:DHT)
www.thestockobserver.com - February 20 at 11:31 AM
News IconBrokers Watch List: Navios Maritime Holdings Inc. (NYSE:NM), DHT Holdings, Inc. (NYSE:DHT) - The Newburgh Press (NYSE:DHT)
newburghpress.com - February 16 at 2:37 PM
News IconIs The Sell-Side Predicting That DHT Holdings, Inc. (NYSE:DHT) Will Move Higher? - Winfield Review (NYSE:DHT)
winfieldreview.com - February 16 at 2:37 PM
News IconDHT Holdings, Inc. (NYSE:DHT) EPS Projection Set At $0.155 - Transcript Daily (NYSE:DHT)
transcriptdaily.com - February 16 at 2:37 PM
marketrealist.com logoSuezmax, VLCC Rates Rose in Week 6 (NYSE:DHT)
marketrealist.com - February 16 at 2:37 PM
News IconAverage Directional Index Review for DHT Holdings Inc. (DHT) - BVN (NYSE:DHT)
bvnewsjournal.com - February 15 at 3:34 AM
News IconAre Analysts Optimistic About Where DHT Holdings, Inc. (NYSE:DHT) is Heading? - Winfield Review (NYSE:DHT)
winfieldreview.com - February 15 at 3:34 AM
finance.yahoo.com logoDHT Holdings, Inc. Announces an Adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019 - Yahoo Finance (NYSE:DHT)
finance.yahoo.com - February 15 at 3:34 AM
4-traders.com logoDHT : Announces an Adjustment to the conversion price of its 4.5% Convertible Senior Notes due 2019 (NYSE:DHT)
www.4-traders.com - February 14 at 5:32 PM
reuters.com logoBRIEF-DHT Holdings announces an adjustment to the conversion price of its 4.5 pct convertible senior notes due 2019 (NYSE:DHT)
www.reuters.com - February 13 at 10:31 PM
News IconInvestor Technical Review for DHT Holdings Inc. (DHT) - Baldwin Journal (NYSE:DHT)
baldwinjournal.com - February 13 at 5:28 PM
seekingalpha.com logoDHT Holdings: Frontline Will Give Up - Seeking Alpha (NYSE:DHT)
seekingalpha.com - February 13 at 5:28 PM
realistinvestor.com logoThe Growth Forecast For DHT Holdings, Inc. (NYSE:DHT) - RealistInvestor.com (NYSE:DHT)
www.realistinvestor.com - February 12 at 4:42 PM
News IconForward Earnings Estimate of DHT Holdings, Inc.(DHT) - Highland Mirror (NYSE:DHT)
www.highlandmirror.com - February 12 at 4:42 PM
News IconDHT Holdings, Inc. (NYSE:DHT) Projected EPS At $0.22 - Stock Observer (NYSE:DHT)
www.thestockobserver.com - February 12 at 4:42 PM
News IconDHT Holdings, Inc. Says Frontline Offer was “Inadequate” (NYSE:DHT)
www.hellenicshippingnews.com - February 11 at 3:13 AM
feeds.benzinga.com logoDHT Holdings, Inc.: Letter to Shareholders from the Co-CEOs (NYSE:DHT)
feeds.benzinga.com - February 10 at 9:34 AM
News IconFrontline: Offer for Acquisition of DHT Remains “Compelling” (NYSE:DHT)
www.shippingherald.com - February 10 at 3:21 AM
News IconFrontline says Offer for Acquisition of DHT Remains “Compelling” (NYSE:DHT)
www.hellenicshippingnews.com - February 9 at 10:18 PM
streetinsider.com logoFrontline (FRO) Sees Its Offer for DHT Holdings (DHT) as 'Highly Compelling' (NYSE:DHT)
www.streetinsider.com - February 9 at 5:13 PM
finance.yahoo.com logoFRO - Frontline Update on a Possible Business Combination with DHT Holdings, Inc. (NYSE:DHT)
finance.yahoo.com - February 9 at 5:13 PM
finance.yahoo.com logoFrontline says offer for DHT remains "compelling" (NYSE:DHT)
finance.yahoo.com - February 9 at 5:13 PM
fool.com logoWhy DHT Holdings, Inc. Stock Advanced 13% in January (NYSE:DHT)
www.fool.com - February 9 at 5:13 PM
streetinsider.com logoForm SC 13G DHT Holdings, Inc. Filed by: LSV ASSET MANAGEMENT - StreetInsider.com (NYSE:DHT)
www.streetinsider.com - February 7 at 10:54 PM
capitalcube.com logoDHT Holdings, Inc. :DHT-US: Earnings Analysis: Q4, 2016 By the Numbers : February 7, 2017 (NYSE:DHT)
www.capitalcube.com - February 7 at 5:52 PM
reuters.com logoBRIEF-DHT Holdings board unanimously rejects Frontline offer (NYSE:DHT)
www.reuters.com - February 6 at 4:48 PM
News IconDHT Holdings rejected the acquisition proposal of Frontline (NYSE:DHT)
xboxonezone.com - February 6 at 4:48 PM
sg.finance.yahoo.com logoNorwegian firms to create offshore oil industry supply vessels giant (NYSE:DHT)
sg.finance.yahoo.com - February 6 at 4:48 PM
capitalcube.com logoETFs with exposure to DHT Holdings, Inc. : February 6, 2017 (NYSE:DHT)
www.capitalcube.com - February 6 at 4:48 PM
streetinsider.com logoDHT Holdings (DHT) Rejects Frontline's (FRO) Unsolicited Proposal - StreetInsider.com (NYSE:DHT)
www.streetinsider.com - February 6 at 7:35 AM
seekingalpha.com logoDHT rejects takeover bid by Frontline - Seeking Alpha (NYSE:DHT)
seekingalpha.com - February 6 at 7:35 AM
finance.yahoo.com logoDHT Holdings board unanimously rejects Frontline offer (NYSE:DHT)
finance.yahoo.com - February 6 at 7:35 AM
finance.yahoo.com logo3:28 am DHT rejects Frontline's (FRO (NYSE:DHT)
finance.yahoo.com - February 6 at 7:35 AM
News IconWhat Analysts Report Shows About DHT Holdings, Inc. (NYSE:DHT)? - Transcript Daily (NYSE:DHT)
transcriptdaily.com - February 5 at 9:40 PM
News IconStock ABR Of DHT Holdings, Inc. (NYSE:DHT) At 2.25 - Stock Observer (NYSE:DHT)
www.thestockobserver.com - February 3 at 10:08 PM
News IconDHT Holdings, Inc. (NYSE:DHT) Quarterly growth Review - The Newburgh Press (NYSE:DHT)
newburghpress.com - February 3 at 10:08 PM
News IconStock in Queue: CA Inc. (NASDAQ:CA), DHT Holdings, Inc. (NYSE:DHT) - The Newburgh Press (NYSE:DHT)
newburghpress.com - February 2 at 5:10 PM
News IconDHT Holdings, Inc. fourth quarter 2016 results - Hellenic Shipping News Worldwide (NYSE:DHT)
www.hellenicshippingnews.com - February 2 at 5:10 PM
News IconInsider Trading and Upgrades/Downgrades for DHT Holdings, Inc. (NYSE:DHT) - The Newburgh Press (NYSE:DHT)
newburghpress.com - February 2 at 5:10 PM
capitalcube.com logoDHT Holdings, Inc. :DHT-US: Earnings Analysis: 2016 By the Numbers : February 2, 2017 (NYSE:DHT)
www.capitalcube.com - February 2 at 5:10 PM
News IconTanker Firm DHT Net Asset Value Above Frontline's Bid (NYSE:DHT)
fairydetox.org - February 1 at 5:17 PM
4-traders.com logoDHT : beats Street 4Q forecasts (NYSE:DHT)
www.4-traders.com - January 31 at 10:22 PM
finance.yahoo.com logoEdited Transcript of DHT earnings conference call or presentation 31-Jan-17 1:00pm GMT (NYSE:DHT)
finance.yahoo.com - January 31 at 10:22 PM
News IconDHT Holdings Inc (DHT) Releases Earnings Results, Beats Expectations By $0.06 EPS (NYSE:DHT)
latribunadecanarias.com - January 31 at 5:21 PM
seekingalpha.com logoDHT Holdings' (DHT) Co-CEOs Trygve Munthe and Svein Moxnes Harfjeld on Q4 2016 Results - Earnings Call Transcript (NYSE:DHT)
seekingalpha.com - January 31 at 5:21 PM
finance.yahoo.com logoBlog Coverage DHT Receives Proposal from Frontline to Merge and Create the Largest Public Tanker Company by Fleet Size; Adopts Antitakeover Defense (NYSE:DHT)
finance.yahoo.com - January 31 at 5:20 PM
finance.yahoo.com logoTanker firm DHT says net asset value above Frontline's bid (NYSE:DHT)
finance.yahoo.com - January 31 at 5:20 PM
barrons.com logo[$$] Frontline Bid for DHT May Not Hold Water (NYSE:DHT)
www.barrons.com - January 31 at 5:20 PM
feeds.benzinga.com logoDHT Holdings, Inc. 2016 Dividend Information (NYSE:DHT)
feeds.benzinga.com - January 31 at 6:15 AM
News IconAnalysts At Stifel Nicolaus Reiterated DHT Holdings (NYSE:DHT) As Hold (NYSE:DHT)
thecelebritytruth.com - January 31 at 3:44 AM

Social

What is DHT Holdings' stock symbol?

DHT Holdings trades on the New York Stock Exchange (NYSE) under the ticker symbol "DHT."

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

DHT Holdings declared a quarterly dividend on Tuesday, January 31st. Investors of record on Tuesday, February 14th will be given a dividend of $0.08 per share on Wednesday, February 22nd. This represents a $0.32 annualized dividend and a yield of 6.68%. The ex-dividend date of this dividend is Friday, February 10th. This is a boost from DHT Holdings's previous quarterly dividend of $0.02.

Where is DHT Holdings' stock going? Where will DHT Holdings' stock price be in 2017?

9 brokerages have issued twelve-month price objectives for DHT Holdings' shares. Their predictions range from $5.00 to $8.50. On average, they expect DHT Holdings' share price to reach $6.64 in the next twelve months.

When will DHT Holdings announce their earnings?

DHT Holdings is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

What are analysts saying about DHT Holdings stock?

Here are some recent quotes from research analysts about DHT Holdings stock:

  • Stifel Nicolaus analysts commented, "DHT Holdings announced a non-binding proposal from shipping billionaire John Fredriksen's Frontline Ltd (FRO; NC; $7.02) in an all stock transaction placing an implied value of $5.09 per share per DHT shares, or a 19.2% increase over Friday's closing price. Importantly, Frontline announced that it had already acquired 15 million shares or approximately 16% of outstanding DHT shares. In response, the DHT board installed a one-year rights plan or effectively a poison pill intended to give the board and shareholders time to review the offer." (1/30/2017)
  • According to Zacks Investment Research, "DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT's modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. " (11/28/2016)

  • Morgan Stanley analysts commented, "Crude tanker demand lags supply in 2017–18 wiping out DHT's earnings, but remains cash flow positive. Tanker demand weakens in 2017 while rates fall below average market breakeven levels," analyst Fotis Giannakoulis wrote in a note.The analyst expects VLCCs to earn on average $27/$30kpd in 2017/18 as market starts improving toward 2H18. Related Link: Morgan Stanley Tethers Euronav, Downgrades To Equal WeightThe analyst noted that, despite lack of earnings, the company's liquidity generation allows it to pay small dividends during the stronger winter quarters. The company pays at least 60 percent of ordinary net income to shareholders as dividend."Given the low stock liquidity and possible further decline in second hand values, the stock trades slightly below its current NAV of ~$5.5/share," (8/25/2016)

  • Jefferies Group LLC analysts commented, "Yesterday after the market close, DHT reported adj. 2Q16 EPS of $0.37 which topped both Street consensus of $0.29 and our estimate of $0.22 primarily due to better than expected charter rates earned during the quarter." (8/11/2016)

Who owns DHT Holdings stock?

DHT Holdings' stock is owned by a number of of retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (8.20%), Allianz Asset Management AG (1.99%), State Street Corp (1.86%), Russell Investments Group Ltd. (1.09%), AQR Capital Management LLC (0.82%) and Guggenheim Capital LLC (0.81%).

Who sold DHT Holdings stock? Who is selling DHT Holdings stock?

DHT Holdings' stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, Dimensional Fund Advisors LP, AQR Capital Management LLC and Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P..

Who bought DHT Holdings stock? Who is buying DHT Holdings stock?

DHT Holdings' stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Guggenheim Capital LLC, Allianz Asset Management AG, Marshall Wace LLP, GLG Partners LP, State Street Corp, RFG Advisory Group LLC and Strategic Investment Management LLC.

How do I buy DHT Holdings stock?

Shares of DHT Holdings can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of DHT Holdings stock cost?

One share of DHT Holdings stock can currently be purchased for approximately $4.79.

DHT Holdings (NYSE:DHT) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for DHT Holdings (NYSE:DHT)

Earnings History Chart

Earnings by Quarter for DHT Holdings (NYSE:DHT)

Dividend History Chart

Dividend Payments by Quarter for DHT Holdings (NYSE:DHT)

Last Updated on 2/20/2017 by MarketBeat.com Staff