DHT (NYSE:DHT) Downgraded to “Hold” Rating by Kepler Capital Markets

DHT (NYSE:DHT) was downgraded by Kepler Capital Markets from a “buy” rating to a “hold” rating in a report released on Thursday, MarketBeat Ratings reports. They currently have a $9.70 target price on the shipping company’s stock. Kepler Capital Markets’ price objective would indicate a potential upside of 6.36% from the company’s previous close.

Several other research firms also recently commented on DHT. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Stifel Nicolaus lowered their price objective on DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $14.00 target price on shares of DHT in a research report on Wednesday, November 13th. BTIG Research started coverage on DHT in a research report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.54.

DHT Stock Performance

Shares of DHT stock opened at $9.12 on Thursday. The business has a 50-day simple moving average of $10.40 and a 200 day simple moving average of $10.94. DHT has a one year low of $8.69 and a one year high of $12.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 9.12 and a beta of -0.37.

DHT (NYSE:DHT) last released its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts anticipate that DHT will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On DHT

A number of hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its holdings in DHT by 8.4% during the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock worth $588,000 after buying an additional 4,000 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of DHT during the 3rd quarter valued at approximately $134,000. Virtu Financial LLC purchased a new stake in shares of DHT during the 3rd quarter worth approximately $149,000. Hohimer Wealth Management LLC bought a new stake in shares of DHT in the 3rd quarter worth approximately $173,000. Finally, Sunbelt Securities Inc. bought a new position in DHT during the third quarter valued at $50,000. 58.53% of the stock is currently owned by institutional investors.

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.