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

DHT (NYSE:DHT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. BTIG Research restated a “buy” rating and set a $16.00 price objective on shares of DHT in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of DHT in a report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating and issued a $16.00 price objective on shares of DHT in a report 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 research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, DHT has a consensus rating of “Moderate Buy” and an average target price of $15.67.

DHT Stock Down 0.1%

Shares of NYSE:DHT opened at $13.27 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.02 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $12.84 and a two-hundred day simple moving average of $12.17. DHT has a 12-month low of $8.99 and a 12-month high of $13.90. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 10.70 and a beta of -0.07.

DHT (NYSE:DHT) last released its earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $107.35 million for the quarter, compared to analysts’ expectations of $78.83 million. DHT had a return on equity of 17.05% and a net margin of 41.17%.The company’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, research analysts anticipate that DHT will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DHT

Several hedge funds and other institutional investors have recently made changes to their positions in DHT. Dimensional Fund Advisors LP grew its position in DHT by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 10,633,115 shares of the shipping company’s stock valued at $127,067,000 after buying an additional 66,242 shares during the period. American Century Companies Inc. boosted its stake in shares of DHT by 7.8% during the 3rd quarter. American Century Companies Inc. now owns 5,280,063 shares of the shipping company’s stock worth $63,097,000 after acquiring an additional 380,688 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of DHT by 360.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,963,693 shares of the shipping company’s stock worth $35,416,000 after acquiring an additional 2,320,564 shares during the last quarter. Wasatch Advisors LP grew its position in shares of DHT by 11.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,329,182 shares of the shipping company’s stock valued at $27,834,000 after acquiring an additional 248,620 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of DHT by 18.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,857,049 shares of the shipping company’s stock worth $22,192,000 after purchasing an additional 293,580 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Company Profile

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.