DHT (NYSE:DHT) Price Target Cut to $11.00 by Analysts at Stifel Nicolaus

DHT (NYSE:DHT) had its target price lowered by investment analysts at Stifel Nicolaus from $13.00 to $11.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the shipping company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 4.66% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. Fearnley Fonds raised DHT to a “strong-buy” rating in a research note on Friday, September 27th. StockNews.com downgraded shares of DHT from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, BTIG Research assumed coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

DHT Stock Performance

NYSE:DHT opened at $10.51 on Wednesday. The company has a market cap of $1.70 billion, a P/E ratio of 10.01 and a beta of -0.36. The firm’s 50 day moving average is $11.03 and its two-hundred day moving average is $11.37. DHT has a fifty-two week low of $9.28 and a fifty-two week high of $12.80. The company has a quick ratio of 2.33, a current ratio of 2.87 and a debt-to-equity ratio of 0.36.

DHT (NYSE:DHT) last issued its earnings results on Monday, August 12th. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). DHT had a return on equity of 15.19% and a net margin of 27.45%. The firm had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $102.75 million. During the same period last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Analysts expect that DHT will post 1.14 EPS for the current year.

Institutional Investors Weigh In On DHT

A number of large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in DHT by 330.9% in the 1st quarter. Principal Financial Group Inc. now owns 75,017 shares of the shipping company’s stock valued at $863,000 after buying an additional 57,606 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in 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. Quantbot Technologies LP acquired a new stake in DHT during the 1st quarter valued at approximately $1,323,000. SG Americas Securities LLC purchased a new stake in DHT during the 1st quarter worth approximately $1,602,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in DHT during the 1st quarter worth approximately $144,000. 58.53% of the stock is owned by institutional investors and hedge funds.

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.