DHT Holdings Inc (NYSE:DHT)’s stock price shot up 6.2% on Monday . The stock traded as high as $5.68 and last traded at $5.65, 1,434,813 shares changed hands during trading. An increase of 38% from the average session volume of 1,039,080 shares. The stock had previously closed at $5.32.

Several research firms recently commented on DHT. Zacks Investment Research downgraded DHT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. ValuEngine downgraded DHT from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. Finally, Evercore ISI restated a “buy” rating and set a $8.00 target price on shares of DHT in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $6.90.

The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.21 and a current ratio of 1.29. The firm has a market cap of $756.72 million, a P/E ratio of -22.60, a P/E/G ratio of 5.01 and a beta of 0.54. The company has a 50-day moving average of $5.71 and a 200 day moving average of $5.17.

DHT (NYSE:DHT) last posted its earnings results on Tuesday, August 6th. The shipping company reported ($0.03) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). DHT had a positive return on equity of 1.10% and a negative net margin of 0.54%. The business had revenue of $61.20 million during the quarter, compared to the consensus estimate of $56.37 million. During the same quarter last year, the company earned ($0.20) EPS. DHT’s revenue was up 77.9% on a year-over-year basis. Sell-side analysts anticipate that DHT Holdings Inc will post 0.21 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 22nd will be given a $0.02 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.08 annualized dividend and a yield of 1.42%. DHT’s payout ratio is -128.00%.

A number of institutional investors and hedge funds have recently modified their holdings of DHT. Royal Bank of Canada raised its position in DHT by 581.6% in the 2nd quarter. Royal Bank of Canada now owns 4,546 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 3,879 shares during the last quarter. Squarepoint Ops LLC bought a new position in DHT in the 4th quarter valued at $50,000. Point72 Hong Kong Ltd bought a new position in DHT in the 2nd quarter valued at $51,000. Meeder Asset Management Inc. increased its stake in shares of DHT by 2,556.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 11,156 shares of the shipping company’s stock valued at $66,000 after buying an additional 10,736 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of DHT by 551.5% in the 2nd quarter. Bank of Montreal Can now owns 11,714 shares of the shipping company’s stock valued at $69,000 after buying an additional 9,916 shares during the period. Hedge funds and other institutional investors own 41.78% of the company’s stock.

DHT Company Profile (NYSE:DHT)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of March 18, 2019, it had a fleet of 27 very large crude carriers with a capacity of 8,360,850 deadweight tons. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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