DHT (NYSE:DHT) PT Lowered to $11.00 at Stifel Nicolaus

DHT (NYSE:DHT) had its target price dropped by equities research analysts at Stifel Nicolaus from $13.00 to $11.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 5.67% from the company’s current price.

Several other equities research analysts have also issued reports on the company. StockNews.com lowered DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. BTIG Research initiated coverage on DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Fearnley Fonds upgraded DHT to a “strong-buy” rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

DHT Price Performance

DHT stock traded down $0.46 during midday trading on Wednesday, reaching $10.41. 1,068,479 shares of the stock traded hands, compared to its average volume of 1,845,861. The stock’s fifty day moving average is $11.06 and its 200-day moving average is $11.39. DHT has a 12 month low of $9.28 and a 12 month high of $12.80. The stock has a market cap of $1.68 billion, a P/E ratio of 9.91 and a beta of -0.36. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36.

DHT (NYSE:DHT) last announced its quarterly earnings results on Monday, August 12th. The shipping company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). DHT had a net margin of 27.45% and a return on equity of 15.19%. The firm had revenue of $103.70 million for the quarter, compared to the consensus estimate of $102.75 million. During the same period in the previous year, the company posted $0.35 earnings per share. DHT’s quarterly revenue was down 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that DHT will post 1.14 EPS for the current year.

Institutional Trading of DHT

Institutional investors have recently made changes to their positions in the business. Quarry LP lifted its position in DHT by 2,494.6% during the 2nd quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after acquiring an additional 3,717 shares during the period. Headlands Technologies LLC acquired a new stake in DHT during the 1st quarter worth about $51,000. Summit Securities Group LLC acquired a new stake in DHT during the 2nd quarter worth about $78,000. Point72 Hong Kong Ltd purchased a new position in shares of DHT during the 2nd quarter valued at about $80,000. Finally, Blue Trust Inc. raised its stake in shares of DHT by 41,626.3% during the 2nd quarter. Blue Trust Inc. now owns 7,928 shares of the shipping company’s stock valued at $91,000 after buying an additional 7,909 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

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.