DHT (DHT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $10.09 to $10.30
• 50-Day Range: $10.26 to $12.07
• 52-Week Range: $9.28 to $12.80
• Volume: 956,407 shs
• Average Volume: 1.84 million shs
• Market Capitalization: $1.63 billion
• P/E Ratio: 10.42
• Dividend Yield: 10.68%
• Price Target: $14.50
• Consensus Rating: Buy

DHT Stock Analysis - MarketRank™

DHT scored higher than 90% of companies evaluated by MarketBeat, and ranked 24th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

DHT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

DHT has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.59%

Earnings Growth

Earnings for DHT are expected to grow by 20.59% in the coming year, from $1.02 to $1.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of DHT is 10.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of DHT is 10.42, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 14.16.

Price to Book Value per Share Ratio

DHT has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.29% of the float of DHT has been sold short.

Short Interest Ratio / Days to Cover

DHT has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DHT has recently decreased by 4.66%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

DHT is a leading dividend payer. It pays a dividend yield of 10.47%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

DHT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of DHT is 111.34%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, DHT will have a dividend payout ratio of 87.80% in the coming year. This indicates that DHT may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -9.06

Percentage of Shares Shorted

5.29% of the float of DHT has been sold short.

Short Interest Ratio / Days to Cover

DHT has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in DHT has recently decreased by 4.66%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.74

News Sentiment

DHT has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for DHT this week, compared to 6 articles on an average week.

Search Interest

Only 10 people have searched for DHT on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

MarketBeat Follows

13 people have added DHT to their MarketBeat watchlist in the last 30 days. This is an increase of 86% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, DHT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.60% of the stock of DHT is held by insiders.

Percentage Held by Institutions

58.53% of the stock of DHT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DHT Stock Analysis - Frequently Asked Questions

How have DHT shares performed this year?

DHT's stock was trading at $9.81 at the beginning of the year. Since then, DHT shares have increased by 3.1% and is now trading at $10.11.
View the best growth stocks for 2024 here.

How were DHT's earnings last quarter?

DHT Holdings, Inc. (NYSE:DHT) announced its quarterly earnings data on Monday, August, 12th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.01. The business's revenue for the quarter was down 8.2% on a year-over-year basis.

Who are DHT's major shareholders?

DHT's top institutional shareholders include M&G PLC (0.75%), International Assets Investment Management LLC (0.42%), Raymond James & Associates (0.28%) and Congress Asset Management Co. (0.26%).

How do I buy shares of DHT?

Shares of DHT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of DHT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that DHT investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), CrowdStrike (CRWD) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 8/12/2024
• Ex-Dividend for 8/30 Dividend: 8/23/2024
• Dividend Payable: 8/30/2024
• Today: 11/04/2024
• Next Earnings (Confirmed): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:DHT
• CUSIP: N/A
• CIK: 1331284
• Web: www.dhtankers.com
• Phone: (441) 295-1422
• Fax: 441-298-7800
• Employees: 1,212
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $14.50
• High Stock Price Target: $17.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: +43.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.97
• Trailing P/E Ratio: 10.42
• Forward P/E Ratio: 9.91
• P/E Growth: N/A
• Net Income: $161.35 million
• Net Margins: 27.45%
• Pretax Margin: 27.66%
• Return on Equity: 15.19%
• Return on Assets: 10.58%

Debt

• Debt-to-Equity Ratio: 0.36
• Current Ratio: 2.87
• Quick Ratio: 2.33

Sales & Book Value

• Annual Sales: $573.22 million
• Price / Sales: 2.85
• Cash Flow: $1.65 per share
• Price / Cash Flow: 6.13
• Book Value: $6.34 per share
• Price / Book: 1.59

Miscellaneous

• Outstanding Shares: 161,329,000
• Free Float: 158,748,000
• Market Cap: $1.63 billion
• Optionable: Optionable
• Beta: -0.36