DHT (NYSE:DHT) Given New $11.00 Price Target at Stifel Nicolaus

DHT (NYSE:DHT - Get Free Report) had its price objective reduced by investment analysts at Stifel Nicolaus from $13.00 to $11.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a "hold" rating on the shipping company's stock. Stifel Nicolaus' target price points to a potential upside of 6.02% from the company's previous close.

Other equities analysts have also issued research reports about the company. Fearnley Fonds upgraded DHT to a "strong-buy" rating in a research note on Friday, September 27th. BTIG Research started coverage on DHT in a research note on Tuesday, October 15th. They set a "buy" rating and a $16.00 price objective on the stock. Finally, StockNews.com lowered DHT from a "hold" rating to a "sell" rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.50.

DHT Stock Performance

NYSE:DHT traded down $0.49 during mid-day trading on Wednesday, hitting $10.38. 2,627,306 shares of the stock were exchanged, compared to its average volume of 1,853,603. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 9.91 and a beta of -0.36. The firm's 50-day simple moving average is $11.06 and its 200 day simple moving average is $11.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. DHT has a fifty-two week low of $9.28 and a fifty-two week high of $12.80.

DHT (NYSE:DHT - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $103.70 million for the quarter, compared to analyst estimates of $102.75 million. DHT had a return on equity of 15.19% and a net margin of 27.45%. The business's revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.35 earnings per share. As a group, equities analysts anticipate that DHT will post 1.14 EPS for the current fiscal year.

Hedge Funds Weigh In On DHT

A number of hedge funds have recently made changes to their positions in DHT. M&G Plc acquired a new stake in shares of DHT during the 1st quarter worth approximately $16,417,000. Acadian Asset Management LLC grew its position in shares of DHT by 43.8% during the 2nd quarter. Acadian Asset Management LLC now owns 3,388,665 shares of the shipping company's stock worth $39,184,000 after buying an additional 1,032,832 shares during the period. American Century Companies Inc. grew its position 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 worth $33,183,000 after buying an additional 873,356 shares during the period. International Assets Investment Management LLC grew 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 worth $7,487,000 after buying an additional 624,266 shares during the period. Finally, Raymond James & Associates acquired a new stake in shares of DHT during the 3rd quarter worth approximately $5,004,000. 58.53% of the stock is currently owned by institutional investors.

About DHT

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.