DHT Stock Forecast, Price & News

DHT's stock was trading at $6.05 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, DHT stock has decreased by 15.9% and is now trading at $5.09.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DHT in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for DHT.

DHT is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for DHT.

DHT Holdings Inc (NYSE:DHT) posted its quarterly earnings results on Monday, August, 10th. The shipping company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.84 by $0.03. The shipping company had revenue of $202.70 million for the quarter, compared to analyst estimates of $199.23 million. DHT had a net margin of 36.38% and a return on equity of 28.92%. The business's quarterly revenue was up 231.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS.
View DHT's earnings history.

DHT declared a quarterly dividend on Wednesday, August 12th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.48 per share on Wednesday, September 2nd. This represents a $1.92 annualized dividend and a yield of 37.72%. The ex-dividend date of this dividend is Tuesday, August 25th. This is a boost from DHT's previous quarterly dividend of $0.35.
View DHT's dividend history.

DHT issued an update on its third quarter 2020 After-Hours earnings guidance on Monday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $92.7-92.7 million, compared to the consensus revenue estimate of $112.94 million.

5 equities research analysts have issued 12 month price targets for DHT's shares. Their forecasts range from $5.00 to $12.00. On average, they expect DHT's share price to reach $7.48 in the next year. This suggests a possible upside of 46.9% from the stock's current price.
View analysts' price targets for DHT.

DHT saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 8,430,000 shares, a decline of 9.7% from the August 31st total of 9,340,000 shares. Based on an average daily trading volume, of 3,060,000 shares, the days-to-cover ratio is currently 2.8 days.
View DHT's Short Interest.

Some companies that are related to DHT include SEASPAN CORP/SH SH (SSW), Euronav (EURN), Atlas (ATCO), Frontline (FRO), Ship Finance International (SFL), PAC BASIN SHIPP/ADR (PCFBY), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), COSTAMARE INC/SH (CMRE), Seacor (CKH), Torm (TRMD), DryShips (DRYS), Navigator (NVGS), Dorian LPG (LPG) and Genco Shipping & Trading (GNK).
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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 R.E.I.T. (PEI), CBL & Associates Properties (CBL), New Residential Investment (NRZ), Gran Tierra Energy (GTE), EnLink Midstream (ENLC), Cannabics Pharmaceuticals (CNBX), Matinas BioPharma (MTNB) and OrganiGram (OGI).

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

DHT's stock is owned by a number of retail and institutional investors. Top institutional investors include Man Group plc (2.46%), Hosking Partners LLP (2.36%), Coatue Management LLC (1.20%), TCW Group Inc. (1.15%), Goldman Sachs Group Inc. (0.70%) and Bridgeway Capital Management Inc. (0.63%).

DHT stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Goldman Sachs Group Inc., UBS Group AG, Hosking Partners LLP, Nuveen Asset Management LLC, Trexquant Investment LP, Bank of New York Mellon Corp, and ClariVest Asset Management LLC.

DHT stock was acquired by a variety of institutional investors in the last quarter, including Man Group plc, Coatue Management LLC, TCW Group Inc., LSV Asset Management, Globeflex Capital L P, Congress Asset Management Co. MA, Evolution Wealth Advisors LLC, and Menlo Advisors LLC.

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.

One share of DHT stock can currently be purchased for approximately $5.09.

DHT has a market capitalization of $750.37 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.

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

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]