DHT (DHT) Downgraded to Hold at ValuEngine

DHT (NYSE:DHT) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of DHT from a “d+” rating to a “c-” rating in a research note on Monday, November 13th. Maxim Group set a $7.00 price target on shares of DHT and gave the stock a “buy” rating in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Jefferies Group began coverage on shares of DHT in a research note on Monday, December 18th. They set a “buy” rating and a $6.00 price target for the company. Finally, Stifel Nicolaus set a $5.00 price target on shares of DHT and gave the stock a “hold” rating in a research note on Sunday, October 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $6.00.

Shares of DHT (NYSE DHT) opened at $3.59 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.65 and a quick ratio of 1.65. DHT has a one year low of $3.52 and a one year high of $5.20. The firm has a market cap of $511.03, a PE ratio of 10.88, a P/E/G ratio of 3.37 and a beta of 0.92.

DHT (NYSE:DHT) last released its earnings results on Monday, November 13th. The shipping company reported ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. DHT had a net margin of 9.68% and a return on equity of 4.84%. The business had revenue of $54.80 million during the quarter, compared to analysts’ expectations of $50.43 million. During the same quarter last year, the company earned ($0.81) earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. research analysts forecast that DHT will post 0.21 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in shares of DHT by 87.1% during the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after buying an additional 12,407 shares in the last quarter. State of Wisconsin Investment Board acquired a new stake in shares of DHT during the second quarter worth approximately $2,283,000. SG Americas Securities LLC increased its holdings in shares of DHT by 109.7% during the second quarter. SG Americas Securities LLC now owns 74,792 shares of the shipping company’s stock worth $310,000 after buying an additional 39,125 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of DHT during the second quarter worth approximately $1,996,000. Finally, Engineers Gate Manager LP increased its holdings in shares of DHT by 195.4% during the second quarter. Engineers Gate Manager LP now owns 97,538 shares of the shipping company’s stock worth $405,000 after buying an additional 64,522 shares in the last quarter. Hedge funds and other institutional investors own 35.70% of the company’s stock.

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DHT Company Profile

DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCC) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.

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