Evercore ISI Raises DHT (NYSE:DHT) Price Target to $15.00

DHT (NYSE:DHT) had its target price hoisted by analysts at Evercore ISI from $14.00 to $15.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the shipping company’s stock. Evercore ISI’s price objective would suggest a potential upside of 15.31% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group reiterated a “buy” rating and set a $15.00 price target on shares of DHT in a research report on Thursday, August 7th. Zacks Research upgraded DHT to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.23.

DHT Stock Up 0.8%

Shares of DHT stock opened at $13.01 on Tuesday. The stock has a 50 day moving average of $12.09 and a 200 day moving average of $11.49. The company has a current ratio of 2.33, a quick ratio of 1.96 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.09 billion, a P/E ratio of 11.02 and a beta of 0.01. DHT has a twelve month low of $8.67 and a twelve month high of $13.19.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, October 29th. The shipping company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. DHT had a return on equity of 16.36% and a net margin of 36.58%.The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, sell-side analysts expect that DHT will post 0.94 EPS for the current year.

Institutional Trading of DHT

A number of institutional investors have recently made changes to their positions in DHT. GAMMA Investing LLC boosted its stake in shares of DHT by 81.5% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the shipping company’s stock worth $25,000 after acquiring an additional 1,073 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of DHT in the first quarter worth approximately $112,000. Monument Capital Management acquired a new stake in shares of DHT in the first quarter worth approximately $243,000. Rossby Financial LCC boosted its stake in shares of DHT by 25.1% in the first quarter. Rossby Financial LCC now owns 38,900 shares of the shipping company’s stock worth $412,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of DHT by 9.5% in the first quarter. Principal Financial Group Inc. now owns 118,131 shares of the shipping company’s stock worth $1,240,000 after acquiring an additional 10,225 shares during the last quarter. 58.53% of the stock is owned by institutional investors and hedge funds.

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.