ValuEngine Upgrades DHT (DHT) to Buy

DHT (NYSE:DHT) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other analysts also recently issued reports about the stock. Maxim Group reaffirmed a “buy” rating and set a $6.00 price objective on shares of DHT in a report on Thursday, August 9th. Zacks Investment Research downgraded shares of DHT from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Wells Fargo & Co raised shares of DHT from a “market perform” rating to an “outperform” rating in a report on Monday, June 18th. Pareto Securities downgraded shares of DHT from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Morgan Stanley lifted their price objective on shares of DHT from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $5.46.

DHT opened at $5.02 on Friday. The firm has a market cap of $674.79 million, a PE ratio of 38.62 and a beta of 0.51. The company has a quick ratio of 1.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.91. DHT has a one year low of $3.27 and a one year high of $5.07.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, August 7th. The shipping company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.17). DHT had a negative net margin of 15.45% and a negative return on equity of 5.01%. The company had revenue of $34.44 million during the quarter, compared to the consensus estimate of $36.20 million. Sell-side analysts forecast that DHT will post -0.36 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in DHT in the second quarter worth $105,000. Bienville Capital Management LLC lifted its stake in DHT by 666.4% in the second quarter. Bienville Capital Management LLC now owns 315,314 shares of the shipping company’s stock worth $1,479,000 after purchasing an additional 274,171 shares during the last quarter. Renaissance Technologies LLC lifted its stake in DHT by 16.1% in the second quarter. Renaissance Technologies LLC now owns 3,034,400 shares of the shipping company’s stock worth $14,231,000 after purchasing an additional 420,500 shares during the last quarter. Odey Asset Management Group Ltd bought a new stake in DHT in the second quarter worth $350,000. Finally, Lansdowne Partners UK LLP lifted its stake in DHT by 185.4% in the second quarter. Lansdowne Partners UK LLP now owns 2,581,741 shares of the shipping company’s stock worth $12,109,000 after purchasing an additional 1,677,197 shares during the last quarter. 39.91% of the stock is owned by institutional investors.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for DHT (NYSE:DHT)

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