According to Zacks, “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. “
A number of other analysts also recently commented on DHT. Morgan Stanley set a $7.00 target price on shares of DHT Holdings and gave the stock a buy rating in a report on Wednesday, August 10th. Jefferies Group dropped their target price on shares of DHT Holdings from $8.00 to $6.00 and set a buy rating on the stock in a report on Wednesday, July 27th. TheStreet lowered shares of DHT Holdings from a buy rating to a hold rating in a report on Monday, September 19th. Finally, Wells Fargo & Co. initiated coverage on shares of DHT Holdings in a report on Monday, September 26th. They set a market perform rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $7.78.
DHT Holdings (NYSE:DHT) opened at 4.17 on Tuesday. The firm has a market cap of $389.34 million, a price-to-earnings ratio of 3.42 and a beta of 1.00. The firm has a 50 day moving average of $4.24 and a 200-day moving average of $5.06. DHT Holdings has a one year low of $4.00 and a one year high of $8.47.
DHT Holdings (NYSE:DHT) last released its earnings results on Tuesday, August 9th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. DHT Holdings had a net margin of 33.81% and a return on equity of 17.09%. The business had revenue of $83.20 million for the quarter, compared to the consensus estimate of $82.44 million. During the same period in the previous year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts forecast that DHT Holdings will post $1.02 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC raised its position in DHT Holdings by 20.7% in the second quarter. Wolverine Asset Management LLC now owns 121,200 shares of the company’s stock valued at $609,000 after buying an additional 20,800 shares in the last quarter. M Holdings Securities Inc. raised its position in DHT Holdings by 153.7% in the second quarter. M Holdings Securities Inc. now owns 170,000 shares of the company’s stock valued at $855,000 after buying an additional 103,000 shares in the last quarter. Sterneck Capital Management LLC bought a new position in DHT Holdings during the second quarter valued at $1,156,000. GLG Partners LP raised its position in DHT Holdings by 52.5% in the second quarter. GLG Partners LP now owns 376,272 shares of the company’s stock valued at $1,893,000 after buying an additional 129,488 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in DHT Holdings during the second quarter valued at $1,740,000. Hedge funds and other institutional investors own 67.66% of the company’s stock.
DHT Holdings Company Profile
DHT Holdings, Inc (DHT) is a holding company. The Company, through its subsidiaries, owns and operates a fleet of crude oil tankers. Its fleet consists of approximately 20 crude oil tankers in operation, all of which are owned by the company. The Company’s fleet in operation consists of over 20 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (DWTs), approximately one Suezmax tanker (Suezmax), which is a tanker ranging in size from 130,000 to 170,000 DWT and over two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 DWT.
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