DHT Holdings, Inc. (NYSE:DHT) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of DHT Holdings, Inc. (NYSE:DHT) from a hold rating to a sell rating in a report released on Wednesday, July 12th.

According to Zacks, “DHT MARITIME INC., formerly Double Hull Tankers, Inc. operates a fleet of double-hull crude oil tankers on international routes. DHT’s modern fleet consists of three Very Large Crude Carriers, two Suezmax tankers and four Aframax tankers. DHT intends to pursue a strategy of providing shareholders with a stable and visible distribution and also position the Company to use its incremental cash flow to fund future growth opportunities. “

Several other equities analysts have also weighed in on DHT. Stifel Nicolaus reaffirmed a hold rating and set a $5.25 target price on shares of DHT Holdings in a report on Friday, July 7th. ValuEngine lowered shares of DHT Holdings from a buy rating to a hold rating in a report on Friday, June 2nd. Maxim Group set a $7.00 price target on shares of DHT Holdings and gave the stock a buy rating in a report on Thursday, April 27th. Jefferies Group LLC reissued a buy rating and issued a $6.00 price target on shares of DHT Holdings in a report on Monday, April 24th. Finally, TheStreet cut shares of DHT Holdings from a c rating to a d+ rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $5.75.

DHT Holdings (NYSE:DHT) traded down 1.98% during midday trading on Wednesday, hitting $3.97. 357,430 shares of the company were exchanged. The firm’s market capitalization is $375.65 million. The stock has a 50 day moving average of $4.14 and a 200 day moving average of $4.47. DHT Holdings has a 1-year low of $3.29 and a 1-year high of $5.47.

COPYRIGHT VIOLATION WARNING: This story was reported by BBNS and is the property of of BBNS. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://baseballnewssource.com/markets/dht-holdings-inc-nysedht-rating-lowered-to-sell-at-zacks-investment-research-updated-updated-updated/1195983.html.

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in DHT Holdings by 1.1% in the first quarter. Legal & General Group Plc now owns 24,683 shares of the shipping company’s stock worth $110,000 after buying an additional 260 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of DHT Holdings during the first quarter worth about $111,000. Bank of America Corp DE increased its position in shares of DHT Holdings by 87.1% in the first quarter. Bank of America Corp DE now owns 26,646 shares of the shipping company’s stock worth $119,000 after buying an additional 12,407 shares during the period. Wellington Management Group LLP acquired a new position in shares of DHT Holdings during the first quarter worth about $146,000. Finally, Engineers Gate Manager LP acquired a new position in shares of DHT Holdings during the first quarter worth about $148,000. Hedge funds and other institutional investors own 53.11% of the company’s stock.

About DHT Holdings

DHT Holdings, Inc operates a fleet of crude oil tankers. As of March 21, 2017, the Company’s fleet consisted of 21 crude oil tankers in operation. As of March 21, 2017, the Company’s fleet consisted of 19 very large crude carriers (VLCCs), which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers (Aframaxes), which are tankers ranging in size from 80,000 to 120,000 dwt.

Get a free copy of the Zacks research report on DHT Holdings (DHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for DHT Holdings (NYSE:DHT)

Receive News & Ratings for DHT Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHT Holdings Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Boston’s Chris Sale Will Pitch In Each of Three Series With Yankees
Greg Holland Out For Rockies Following Kitchen Incident
Greg Holland Out For Rockies Following Kitchen Incident
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run
Jon Lester Joins 2,000 Strikeout Club, Hits First Home Run
Sonny Gray Acquired By Yankees from Athletics
Sonny Gray Acquired By Yankees from Athletics
Adrian Beltre Reaches 3,000 Careers Hits
Adrian Beltre Reaches 3,000 Careers Hits


Leave a Reply

 
© 2006-2017 BBNS.