DHT (NYSE:DHT) Reaches New 1-Year High at $11.97

DHT Holdings, Inc. (NYSE:DHT)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $11.97 and last traded at $11.93, with a volume of 472124 shares traded. The stock had previously closed at $11.64.

Analysts Set New Price Targets

Several brokerages have commented on DHT. TheStreet upgraded shares of DHT from a “c+” rating to a “b-” rating in a research note on Tuesday, February 6th. Jefferies Financial Group upgraded shares of DHT from a “hold” rating to a “buy” rating and boosted their target price for the company from $11.00 to $14.00 in a research report on Thursday, March 21st. Finally, Truist Financial lifted their price objective on DHT from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.00.

DHT Trading Up 3.6 %

The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.94 and a current ratio of 3.54. The company has a 50 day moving average of $11.31 and a two-hundred day moving average of $10.83. The stock has a market cap of $1.95 billion, a PE ratio of 12.06 and a beta of -0.34.

DHT (NYSE:DHT) last announced its earnings results on Tuesday, February 6th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $94.50 million for the quarter, compared to analyst estimates of $95.78 million. DHT had a return on equity of 15.52% and a net margin of 28.78%. The business’s revenue was down 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Sell-side analysts anticipate that DHT Holdings, Inc. will post 1.53 earnings per share for the current fiscal year.

Institutional Trading of DHT

Several large investors have recently made changes to their positions in DHT. Headlands Technologies LLC acquired a new stake in shares of DHT in the first quarter valued at approximately $51,000. McIlrath & Eck LLC purchased a new stake in DHT in the 3rd quarter valued at $52,000. National Bank of Canada FI increased its stake in shares of DHT by 150.0% in the 4th quarter. National Bank of Canada FI now owns 5,000 shares of the shipping company’s stock worth $50,000 after acquiring an additional 3,000 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of DHT by 45.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,178 shares of the shipping company’s stock worth $95,000 after acquiring an additional 2,882 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of DHT during the 4th quarter valued at about $98,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

DHT Company Profile

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.