Kepler Capital Markets Downgrades DHT (NYSE:DHT) to Hold

DHT (NYSE:DHT - Get Free Report) was downgraded by investment analysts at Kepler Capital Markets from a "buy" rating to a "hold" rating in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a $9.70 price objective on the shipping company's stock. Kepler Capital Markets' target price would suggest a potential upside of 8.68% from the stock's current price.

Several other research firms have also recently issued reports on DHT. Stifel Nicolaus reduced their target price on DHT from $13.00 to $11.00 and set a "hold" rating on the stock in a research note on Wednesday, October 23rd. Jefferies Financial Group reissued a "buy" rating and set a $14.00 target price on shares of DHT in a research note on Wednesday, November 13th. Fearnley Fonds raised DHT to a "strong-buy" rating in a research note on Friday, September 27th. BTIG Research initiated coverage on DHT in a research report on Tuesday, October 15th. They set a "buy" rating and a $16.00 price target on the stock. Finally, StockNews.com upgraded DHT from a "sell" rating to a "hold" rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, DHT currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.54.

DHT Trading Down 1.8 %

DHT stock traded down $0.16 during trading hours on Thursday, reaching $8.93. The company had a trading volume of 2,775,700 shares, compared to its average volume of 1,839,185. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The company has a 50-day moving average price of $10.52 and a 200 day moving average price of $10.98. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 9.10 and a beta of -0.37. DHT has a 12-month low of $8.69 and a 12-month high of $12.80.

DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. The business had revenue of $92.64 million for the quarter, compared to analysts' expectations of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The business's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. Equities analysts forecast that DHT will post 1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DHT. Wasatch Advisors LP bought a new position in shares of DHT during the third quarter valued at $55,472,000. FMR LLC lifted its holdings in DHT by 10.0% in the third quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock valued at $266,849,000 after acquiring an additional 2,195,916 shares during the period. Acadian Asset Management LLC boosted its position in DHT by 43.8% in the second quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock worth $39,184,000 after purchasing an additional 1,032,832 shares during the last quarter. American Century Companies Inc. grew its stake in shares of DHT by 43.8% during the 2nd quarter. American Century Companies Inc. now owns 2,868,023 shares of the shipping company's stock valued at $33,183,000 after purchasing an additional 873,356 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of DHT by 1,144.6% during the 3rd quarter. International Assets Investment Management LLC now owns 678,808 shares of the shipping company's stock valued at $7,487,000 after purchasing an additional 624,266 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.