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NYSE:DHTDHT Stock Price, Forecast & News

$5.78
+0.09 (+1.58 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$5.58
Now: $5.78
$5.95
50-Day Range
$5.64
MA: $6.81
$8.46
52-Week Range
$4.77
Now: $5.78
$8.83
Volume5.19 million shs
Average Volume5.48 million shs
Market Capitalization$848.61 million
P/E Ratio7.51
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 3.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.20 out of 5 stars


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$848.61 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 (WHO). Since then, DHT shares have decreased by 4.5% and is now trading at $5.78. 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 earnings results on Tuesday, May, 5th. The shipping company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.51 by $0.07. The shipping company had revenue of $152.50 million for the quarter, compared to the consensus estimate of $141.86 million. DHT had a return on equity of 14.74% and a net margin of 20.84%. The business's revenue was up 77.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 yield of 24.22%. The ex-dividend date of this dividend is Monday, May 18th. This is a positive change 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 updated 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 analysts have issued twelve-month price objectives 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 25.4% 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?

News articles about DHT stock have trended negative this week, InfoTrie reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. DHT earned a media sentiment score of -2.2 on InfoTrie's scale. They also gave headlines about the shipping company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. 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 trading volume, of 6,040,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 6.7% of the shares of the stock 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 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 retail and institutional 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 major 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 major investors are buying DHT stock?

DHT stock was bought 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 $5.78.

How big of a company is DHT?

DHT has a market capitalization of $848.61 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 5/27/2020 by MarketBeat.com Staff

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