NYSE:DHTDHT Stock Price, Forecast & News

$5.69

+0.05 (+0.89 %)

(As of 05/25/2020 04:00 PM ET)

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Today's Range

$5.44

Now: $5.69▼

$5.73

50-Day Range

$5.64

MA: $6.82▼

$8.46

52-Week Range

$4.77

Now: $5.69▼

$8.83

Volume3.25 million shs

Average Volume6.51 million shs

Market Capitalization$835.41 million

P/E Ratio7.39

Dividend Yield24.60%

Beta-0.12

DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
DHT has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.25, DHT has a potential upside of 27.4% from its current price of $5.69.
Amount of Analyst Coverage
DHT has only been the subject of 2 research reports in the past 90 days.

3.1 Community Rank

Outperform Votes
DHT has received 528 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
DHT has received 324 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
DHT has received 61.97% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about DHT and other stocks. Vote “Outperform” if you believe DHT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe DHT will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
DHT is a leading dividend payer. It pays a dividend yield of 24.60%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
DHT has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of DHT is 245.61 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, DHT will have a dividend payout ratio of 113.82 % in the coming year. This indicates that DHT may not be able to sustain their current dividend.

1.0 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
62.14% of the stock of DHT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for DHT are expected to decrease by -47.88% in the coming year, from $2.36 to $1.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of DHT is 7.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of DHT is 7.39, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.09.
Price to Book Value per Share Ratio
DHT has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.20 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Deep sea foreign transportation of freight

Sub-IndustryN/A

SectorTransportation

Current SymbolNYSE:DHT

Previous Symbol

CUSIPN/A

CIK1331284

Webwww.dhtankers.com

Phone1-441-299-4912

Debt

Debt-to-Equity Ratio0.71

Current Ratio1.58

Quick Ratio1.30

Price-To-Earnings

Trailing P/E Ratio7.39

Forward P/E Ratio2.41

P/E GrowthN/A

Sales & Book Value

Annual Sales$535.07 million

Price / Sales1.56

Cash Flow$1.35 per share

Price / Cash Flow4.20

Book Value$6.35 per share

Price / Book0.90

Profitability

EPS (Most Recent Fiscal Year)$0.57

Net Income$73.68 million

Net Margins20.84%

Return on Equity14.74%

Return on Assets7.28%

Miscellaneous

Employees17

Outstanding Shares146,820,000

Market Cap$835.41 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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DHT (NYSE:DHT) Frequently Asked Questions

How has DHT's stock been impacted by COVID-19 (Coronavirus)?

DHT's stock was trading at $6.05 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DHT shares have decreased by 6.0% and is now trading at $5.69. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of DHT?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DHT in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for DHT.

When is DHT's next earnings date?

DHT is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for DHT.

How were DHT's earnings last quarter?

DHT Holdings Inc (NYSE:DHT) released its quarterly earnings results on Tuesday, May, 5th. The shipping company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by $0.07. The shipping company had revenue of $152.50 million for the quarter, compared to analyst estimates of $141.86 million. DHT had a return on equity of 14.74% and a net margin of 20.84%. DHT's revenue for the quarter was up 77.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. View DHT's earnings history.

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

DHT announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.35 per share on Tuesday, May 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 24.60%. The ex-dividend date of this dividend is Monday, May 18th. This is an increase from DHT's previous quarterly dividend of $0.32. View DHT's dividend history.

What guidance has DHT issued on next quarter's earnings?

DHT issued an update on its second quarter 2020 After-Hours earnings guidance on Tuesday, May, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $164.4-164.4 million, compared to the consensus revenue estimate of $183.9 million.

What price target have analysts set for DHT?

3 Wall Street analysts have issued twelve-month target prices for DHT's shares. Their forecasts range from $6.50 to $8.00. On average, they anticipate DHT's share price to reach $7.25 in the next twelve months. This suggests a possible upside of 27.4% from the stock's current price. View analysts' price targets for DHT.

What are Wall Street analysts saying about DHT stock?

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

1. 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. " (3/31/2020)
2. Evercore ISI analysts commented, "We retain our Outperform rating and price target of $8 on DHT.  The promised (and hoped for) cycle is now arriving… Lost amid imploding equity and commodity markets over the last five days has been a meaningful improvement in VLCC spot rates, at a time of year when crude tanker markets are usually seasonally depressed. Indeed, according to Poten & Partners, the benchmark VLCC spot rate (Arabian East) now stands at a TCE of $26,300/day, up from $10,700/day one week ago. VLCC TCE rates from East are at $31,100/day today, up from $19,300/day one week ago. Furthermore, with many refineries only beginning to return from maintenance and newbuild deliveries set to slow in the remainder of the year, we believe this early move in VLCC spot rates is just the beginning of further strengthening into yearend." (8/8/2019)

Has DHT been receiving favorable news coverage?

Media coverage about DHT stock has been trending somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. DHT earned a news impact score of 0.8 on InfoTrie's scale. They also gave news coverage about the shipping company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutDHT.

Are investors shorting DHT?

DHT saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 7,880,000 shares, a drop of 11.0% from the April 30th total of 8,850,000 shares. Based on an average daily volume of 6,040,000 shares, the short-interest ratio is presently 1.3 days. Currently, 6.7% of the company's stock are short sold. View DHT's Current Options Chain.

Who are some of DHT's key competitors?

Some companies that are related to DHT include Euronav (EURN), SEASPAN CORP/SH SH (SSW), Frontline (FRO), Ship Finance International (SFL), Scorpio Tankers (STNG), PAC BASIN SHIPP/ADR (PCFBY), Torm (TRMD), COSTAMARE INC/SH (CMRE), Seacor (CKH), Star Bulk Carriers (SBLK), DryShips (DRYS), Dorian LPG (LPG), Navigator (NVGS), Teekay (TK) and TSAKOS ENERGY N/SH (TNP). View all competitors.

What other stocks do shareholders of DHT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other DHT investors own include Western Asset Mortgage Capital (WMC), New Residential Investment (NRZ), NGL Energy Partners (NGL), Amplify Energy (AMPY), Amplify Energy (AMPY), Frontline (FRO), Washington Prime Group (WPG), Golar LNG Partners (GMLP), CBL & Associates Properties (CBL) and NY MTG TR INC/SH (NYMT).

Who are DHT's key executives?

DHT's management team includes the following people:

Mr. Trygve Preben Munthe, Co-Chief Exec. Officer (Age 57)
Mr. Svein Moxnes Harfjeld, Co-Chief Exec. Officer (Age 55)
Ms. Laila C. Halvorsen, Chief Financial Officer (Age 44)
Mr. J. Stephen Eglin, Director of Chartering & Operations
Mr. Svenn Magne Edvardsen, Technical Director (Age 49)

What is DHT's stock symbol?

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

Who are DHT's major shareholders?

DHT's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (4.08%), State Street Corp (1.35%), Phoenix Holdings Ltd. (1.17%), Odey Asset Management Group Ltd (1.13%), Arosa Capital Management LP (0.85%) and Armor Advisors L.L.C. (0.81%).

Which institutional investors are selling DHT stock?

DHT stock was sold by a variety of institutional investors in the last quarter, including Geode Capital Management LLC, DNB Asset Management AS, Canada Pension Plan Investment Board, Federated Hermes Inc., Morgan Stanley, Two Sigma Advisers LP, SG Americas Securities LLC, and GSA Capital Partners LLP.

Which institutional investors are buying DHT stock?

DHT stock was acquired by a variety of institutional investors in the last quarter, including Armor Advisors L.L.C., BlackRock Inc., Arosa Capital Management LP, Odey Asset Management Group Ltd, Phoenix Holdings Ltd., Balyasny Asset Management LLC, JPMorgan Chase & Co., and State Street Corp.

How do I buy shares of DHT?

Shares of DHT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is DHT's stock price today?

One share of DHT stock can currently be purchased for approximately $5.69.

How big of a company is DHT?

DHT has a market capitalization of $835.41 million and generates $535.07 million in revenue each year. The shipping company earns $73.68 million in net income (profit) each year or $0.57 on an earnings per share basis. DHT employs 17 workers across the globe.

What is DHT's official website?

The official website for DHT is www.dhtankers.com.

How can I contact DHT?

DHT's mailing address is CLARENDON HOUSE 2 CHURCH STREET, HAMILTON D0, HM 11. The shipping company can be reached via phone at 1-441-299-4912 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff