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.
Analyst Ratings Changes
Several analysts recently commented on DHT shares. StockNews.com upgraded shares of DHT from a "sell" rating to a "hold" rating in a research report on Wednesday. Jefferies Financial Group began coverage on DHT in a research note on Wednesday, July 20th. They set a "buy" rating and a $9.00 price objective for the company. Finally, Stifel Nicolaus lifted their target price on DHT from $7.50 to $8.50 in a research note on Tuesday, July 19th.
DHT Stock Up 1.2 %
DHT Stock opened at $7.83 on Friday. DHT has a one year low of $4.55 and a one year high of $7.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.09 and a current ratio of 2.99. The company has a fifty day moving average of $6.39 and a 200-day moving average of $5.96. The stock has a market capitalization of $1.34 billion, a PE ratio of -41.21 and a beta of -0.27.
DHT (NYSE:DHT - Get Rating) last announced its quarterly earnings data on Wednesday, August 10th. The shipping company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.08. The company had revenue of $54.05 million for the quarter, compared to analyst estimates of $50.57 million. DHT had a negative return on equity of 4.88% and a negative net margin of 9.86%. The firm's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) EPS. As a group, analysts expect that DHT will post 0.18 EPS for the current year.
DHT Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 23rd will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, August 22nd. This represents a $0.16 dividend on an annualized basis and a yield of 2.04%. This is an increase from DHT's previous quarterly dividend of $0.02. DHT's dividend payout ratio (DPR) is -42.11%.