DHT (NYSE:DHT) Stock Rating Lowered by Wall Street Zen

DHT (NYSE:DHT) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other equities analysts also recently weighed in on the stock. Zacks Research raised shares of DHT to a “hold” rating in a research note on Monday, August 11th. BTIG Research reiterated a “buy” rating and issued a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Weiss Ratings restated a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 target price on shares of DHT in a research note on Thursday, October 30th. Finally, Evercore ISI upped their price objective on DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.18.

DHT Stock Performance

NYSE DHT opened at $13.32 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.33 and a quick ratio of 1.96. DHT has a 1-year low of $8.67 and a 1-year high of $13.85. The company has a market cap of $2.14 billion, a PE ratio of 10.74 and a beta of -0.01. The stock’s 50 day simple moving average is $12.59 and its 200-day simple moving average is $11.85.

DHT (NYSE:DHT) last posted its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. DHT had a return on equity of 17.18% and a net margin of 41.17%.The firm had revenue of $79.10 million during the quarter, compared to the consensus estimate of $78.83 million. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was down 14.6% compared to the same quarter last year. As a group, equities research analysts anticipate that DHT will post 0.94 EPS for the current fiscal year.

Institutional Trading of DHT

Institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. boosted its position in shares of DHT by 101.6% during the third quarter. Federated Hermes Inc. now owns 2,714 shares of the shipping company’s stock worth $32,000 after buying an additional 1,368 shares during the period. Roble Belko & Company Inc acquired a new position in DHT during the 2nd quarter worth about $30,000. PNC Financial Services Group Inc. boosted its holdings in DHT by 190.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,020 shares of the shipping company’s stock valued at $33,000 after acquiring an additional 1,982 shares during the period. CWM LLC boosted its holdings in DHT by 223.4% during the 1st quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 2,116 shares during the period. Finally, Farther Finance Advisors LLC grew its position in DHT by 344.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,162 shares of the shipping company’s stock valued at $34,000 after acquiring an additional 2,450 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

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.