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NYSE:DHT - DHT Stock Price, Forecast & News

$5.51
-0.10 (-1.78 %)
(As of 02/21/2020 04:00 PM ET)
Today's Range
$5.31
Now: $5.51
$5.56
50-Day Range
$5.35
MA: $6.66
$8.59
52-Week Range
$4.22
Now: $5.51
$8.83
Volume1.80 million shs
Average Volume4.38 million shs
Market Capitalization$808.92 million
P/E Ratio12.24
Dividend Yield22.82%
Beta0.64
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.

Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
CUSIPN/A
Phone1-441-299-4912

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$535.07 million
Cash Flow$1.38 per share
Book Value$6.35 per share

Profitability

Net Income$73.68 million

Miscellaneous

Employees17
Market Cap$808.92 million
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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DHT (NYSE:DHT) Frequently Asked Questions

What is DHT's stock symbol?

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

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

DHT announced a quarterly dividend on Friday, February 7th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.32 per share on Tuesday, February 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 23.23%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from DHT's previous quarterly dividend of $0.05. View DHT's Dividend History.

How were DHT's earnings last quarter?

DHT Holdings Inc (NYSE:DHT) issued its earnings results on Wednesday, February, 5th. The shipping company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.60 by $0.15. The shipping company had revenue of $141.70 million for the quarter, compared to analyst estimates of $154.31 million. DHT had a net margin of 13.77% and a return on equity of 8.88%. The business's revenue was up 66.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. View DHT's Earnings History.

When is DHT's next earnings date?

DHT is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for DHT.

What price target have analysts set for DHT?

1 brokerages have issued 12 month price targets for DHT's shares. Their forecasts range from $8.00 to $8.00. On average, they anticipate DHT's share price to reach $8.00 in the next year. This suggests a possible upside of 45.2% from the stock's current price. View Analyst Price Targets for DHT.

What is the consensus analysts' recommendation for DHT?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for DHT in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings 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. " (2/11/2020)
  • 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?

News headlines about DHT stock have been trending very positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. DHT earned a news impact score of 3.1 on InfoTrie's scale. They also gave press coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for DHT.

Are investors shorting DHT?

DHT saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,940,000 shares, an increase of 9.4% from the January 15th total of 8,170,000 shares. Based on an average daily volume of 2,750,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 8.2% of the shares of the company are sold short. View DHT's Current Options Chain.

Who are some of DHT's key competitors?

What other stocks do shareholders of DHT own?

Who are DHT's key executives?

DHT's management team includes the folowing 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)

Who are DHT's major shareholders?

DHT's stock is owned by a number of of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (6.59%), FMR LLC (2.97%), Hosking Partners LLP (2.09%), Goldman Sachs Group Inc. (1.76%), DNB Asset Management AS (1.50%) and Marshall Wace LLP (1.27%).

Which institutional investors are selling DHT stock?

DHT stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, Hosking Partners LLP, Bowling Portfolio Management LLC, Barclays PLC, Jefferies Group LLC, Perritt Capital Management Inc., New York State Common Retirement Fund and Williams Jones Wealth Management LLC..

Which institutional investors are buying DHT stock?

DHT stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Renaissance Technologies LLC, Brightline Capital Management LLC, Goldman Sachs Group Inc., Marshall Wace LLP, Man Group plc, DNB Asset Management AS and Point72 Asset Management L.P..

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 $5.51.

How big of a company is DHT?

DHT has a market capitalization of $808.92 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.View Additional Information About DHT.

What is DHT's official website?

The official website for DHT is http://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.


MarketBeat Community Rating for DHT (NYSE DHT)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  498 (Vote Outperform)
Underperform Votes:  313 (Vote Underperform)
Total Votes:  811
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.
This page was last updated on 2/22/2020 by MarketBeat.com Staff

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