DHT (DHT) Lifted to “Overweight” at Morgan Stanley

Morgan Stanley upgraded shares of DHT (NYSE:DHT) from an equal weight rating to an overweight rating in a report published on Monday morning, Marketbeat Ratings reports. The firm currently has $5.00 price objective on the shipping company’s stock.

Other research analysts have also issued reports about the company. TheStreet upgraded DHT from a d+ rating to a c- rating in a research report on Monday, November 13th. Maxim Group set a $7.00 price objective on DHT and gave the stock a buy rating in a research report on Monday, November 27th. Zacks Investment Research upgraded DHT from a sell rating to a hold rating in a research report on Thursday, November 16th. ValuEngine lowered DHT from a hold rating to a sell rating in a research report on Friday, February 2nd. Finally, Jefferies Group began coverage on DHT in a research report on Monday, December 18th. They issued a buy rating and a $6.00 price objective for the company. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. DHT currently has an average rating of Hold and an average target price of $5.75.

Shares of DHT (DHT) opened at $3.88 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.01 and a quick ratio of 1.65. The stock has a market capitalization of $552.31, a P/E ratio of 48.50 and a beta of 0.78. DHT has a 52-week low of $3.27 and a 52-week high of $5.20.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, February 6th. The shipping company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $56.60 million during the quarter, compared to analyst estimates of $55.82 million. DHT had a return on equity of 1.61% and a net margin of 1.86%. The firm’s revenue for the quarter was down 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 earnings per share. sell-side analysts predict that DHT will post -0.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.08 annualized dividend and a dividend yield of 2.06%. DHT’s dividend payout ratio is currently 100.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DHT. Boston Partners purchased a new position in shares of DHT during the fourth quarter worth $3,245,000. Amerigo Asset Management purchased a new position in shares of DHT during the third quarter worth $3,345,000. Renaissance Technologies LLC boosted its position in shares of DHT by 37.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,958,700 shares of the shipping company’s stock worth $7,032,000 after buying an additional 531,400 shares during the period. State of Wisconsin Investment Board boosted its position in shares of DHT by 63.9% during the third quarter. State of Wisconsin Investment Board now owns 901,300 shares of the shipping company’s stock worth $3,587,000 after buying an additional 351,300 shares during the period. Finally, State Street Corp boosted its position in shares of DHT by 15.7% during the second quarter. State Street Corp now owns 2,388,793 shares of the shipping company’s stock worth $9,911,000 after buying an additional 323,923 shares during the period. Institutional investors and hedge funds own 35.85% of the company’s stock.

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DHT Company Profile

DHT Holdings, Inc is an independent crude oil tanker company. The Company’s fleet trades internationally and consists of crude oil tankers in the very large crude carriers (VLCCs) and Aframax segments. As of December 1, 2017, the Company’s fleet consisted of 27 crude oil tankers in operation; 25 VLCCs, which are tankers ranging in size from 200,000 to 320,000 deadweight tons (dwt), and two Aframax tankers, which are tankers ranging in size from 80,000 to 120,000 dwt.

Analyst Recommendations for DHT (NYSE:DHT)

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