DHT (DHT) Stock Price Down 3.7%

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DHT Holdings Inc (NYSE:DHT)’s share price was down 3.7% during trading on Thursday . The company traded as low as $4.34 and last traded at $4.20. Approximately 66,385 shares changed hands during trading, a decline of 94% from the average daily volume of 1,041,402 shares. The stock had previously closed at $4.36.

A number of equities analysts have commented on DHT shares. Zacks Investment Research downgraded shares of DHT from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. ValuEngine downgraded shares of DHT from a “buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of DHT from a “neutral” rating to an “overweight” rating and set a $7.00 target price on the stock in a research note on Friday, October 19th. DNB Markets downgraded shares of DHT from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Finally, Wells Fargo & Co reduced their target price on shares of DHT from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. DHT has an average rating of “Buy” and an average target price of $6.08.

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.47 and a current ratio of 1.78.

DHT (NYSE:DHT) last released its quarterly earnings results on Thursday, November 1st. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $48.20 million during the quarter, compared to analysts’ expectations of $50.07 million. DHT had a negative net margin of 23.10% and a negative return on equity of 6.95%. DHT’s revenue was down 12.0% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. On average, research analysts predict that DHT Holdings Inc will post -0.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 16th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, November 15th. DHT’s dividend payout ratio (DPR) is 61.54%.

Several institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its stake in shares of DHT by 10.1% in the 3rd quarter. Teachers Advisors LLC now owns 180,407 shares of the shipping company’s stock valued at $848,000 after acquiring an additional 16,527 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of DHT in the 2nd quarter valued at approximately $105,000. FMR LLC raised its stake in shares of DHT by 11.2% in the 3rd quarter. FMR LLC now owns 283,815 shares of the shipping company’s stock valued at $1,334,000 after acquiring an additional 28,589 shares during the period. BlackRock Inc. raised its stake in shares of DHT by 0.8% in the 3rd quarter. BlackRock Inc. now owns 4,635,606 shares of the shipping company’s stock valued at $21,788,000 after acquiring an additional 37,505 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of DHT in the 3rd quarter valued at approximately $223,000. 40.96% of the stock is currently owned by institutional investors and hedge funds.

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About DHT (NYSE: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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