DHT (NYSE:DHT) Receives “Buy” Rating from Jefferies Financial Group

DHT (NYSE:DHT)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $14.00 target price on the shipping company’s stock. Jefferies Financial Group’s target price points to a potential upside of 30.72% from the company’s previous close.

A number of other research firms have also recently commented on DHT. BTIG Research began coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 target price on the stock. StockNews.com cut DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Stifel Nicolaus lowered their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.50.

DHT Stock Up 5.5 %

Shares of DHT traded up $0.56 during midday trading on Wednesday, hitting $10.71. The company had a trading volume of 2,508,752 shares, compared to its average volume of 1,829,385. DHT has a 1 year low of $9.28 and a 1 year high of $12.80. The firm has a market capitalization of $1.73 billion, a P/E ratio of 10.71 and a beta of -0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.33 and a current ratio of 2.87. The company’s 50-day simple moving average is $10.90 and its 200-day simple moving average is $11.28.

DHT (NYSE:DHT) last announced its quarterly earnings results on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. DHT had a return on equity of 15.57% and a net margin of 27.72%. The company had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same period in the previous year, the business earned $0.19 EPS. DHT’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts expect that DHT will post 1.02 EPS for the current year.

Institutional Trading of DHT

Several large investors have recently bought and sold shares of DHT. BNP Paribas Financial Markets grew its position in shares of DHT by 28.9% in the first quarter. BNP Paribas Financial Markets now owns 102,270 shares of the shipping company’s stock valued at $1,176,000 after purchasing an additional 22,960 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of DHT during the first quarter valued at approximately $1,602,000. Susquehanna Fundamental Investments LLC purchased a new stake in DHT in the 1st quarter worth approximately $144,000. Headlands Technologies LLC purchased a new position in shares of DHT during the 1st quarter worth $51,000. Finally, Russell Investments Group Ltd. grew its position in shares of DHT by 8.7% in the first quarter. Russell Investments Group Ltd. now owns 619,634 shares of the shipping company’s stock valued at $7,126,000 after purchasing an additional 49,657 shares during the period. 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.