DHT (DHT) Downgraded to Hold at Pareto Securities

DHT (NYSE:DHT) was downgraded by research analysts at Pareto Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other research firms have also recently commented on DHT. Zacks Investment Research cut DHT from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Morgan Stanley increased their price objective on DHT from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, July 18th. Maxim Group reiterated a “buy” rating and issued a $6.00 price objective on shares of DHT in a research report on Thursday, August 9th. Wells Fargo & Co cut their price objective on DHT from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, ValuEngine upgraded DHT from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.46.

DHT stock opened at $4.31 on Tuesday. The company has a market capitalization of $621.67 million, a PE ratio of 33.15 and a beta of 0.60. DHT has a twelve month low of $3.27 and a twelve month high of $4.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.64 and a quick ratio of 1.64.

Hedge funds have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of DHT in the second quarter valued at $105,000. Millennium Management LLC purchased a new position in shares of DHT in the fourth quarter valued at $232,000. Wells Fargo & Company MN increased its position in shares of DHT by 43.8% in the fourth quarter. Wells Fargo & Company MN now owns 190,775 shares of the shipping company’s stock valued at $685,000 after buying an additional 58,141 shares in the last quarter. FMR LLC purchased a new position in shares of DHT in the second quarter valued at $1,197,000. Finally, Bienville Capital Management LLC increased its position in shares of DHT by 666.4% in the second quarter. Bienville Capital Management LLC now owns 315,314 shares of the shipping company’s stock valued at $1,479,000 after buying an additional 274,171 shares in the last quarter. Institutional investors and hedge funds own 38.62% of the company’s stock.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Analyst Recommendations for DHT (NYSE:DHT)

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