DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
DHT Trading Up 1.8 %
NYSE:DHT traded up $0.13 on Monday, hitting $7.33. The stock had a trading volume of 1,885,516 shares, compared to its average volume of 2,538,035. The company has a quick ratio of 2.09, a current ratio of 2.88 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -29.24 and a beta of -0.27. The company has a fifty day moving average price of $6.24 and a two-hundred day moving average price of $5.88. DHT has a 1-year low of $4.55 and a 1-year high of $7.43.
DHT (NYSE:DHT - Get Rating) last posted its earnings results on Monday, May 9th. The shipping company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $38.70 million during the quarter, compared to analyst estimates of $41.60 million. DHT had a negative net margin of 14.16% and a negative return on equity of 6.76%. The business's revenue for the quarter was down 45.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 earnings per share. Equities research analysts expect that DHT will post 0.18 earnings per share for the current fiscal year.
Analyst Ratings Changes
DHT has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of DHT from $7.50 to $8.50 in a research report on Tuesday, July 19th. Jefferies Financial Group initiated coverage on shares of DHT in a research report on Wednesday, July 20th. They set a "buy" rating and a $9.00 price target on the stock. Finally, StockNews.com lowered shares of DHT from a "hold" rating to a "sell" rating in a research report on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $8.50.